The $31 trillion Great Wealth Transfer’s sticking point: art collections that are either ‘connective tissue’ or ‘dinosaur skeletons’ nearly impossible to monetize
The impending $31 “Great Wealth Transfer” over the coming decade—a once-in-a-generation passing of assets from baby boomers to younger heirs—may turn on a surprising fulcrum: the fate of private art collections. For some families, said Wolfe Tone, vice chair and leader of Deloitte Private in the U.S., art is the “connective tissue,” strengthening intergenerational bonds. … Read more
