Provenance of art: how to manage the risks to reputation, financial worth and restitution claims. 6 April 2023

Description:
While the presentation will focus on works of art, it will also touch on archeological items and other collectibles covering the following aspects:

1. The financial risks to Trustees of incomplete provenance on works of art
2. Incomplete provenance is a major risk to trustees when buying, selling, or onboarding works of art
3. How to manage any provenance risk in any collection
4. The steps trustees should go through to identify and manage any restitution risks to an art collection.

Richard is a Founding Director of Cadell. He’s responsible for client relationships, along with Willem de Gier, and has developed a client base amongst lawyers, trust firms, private banks, and family offices in London, Geneva, Zurich, Monaco, Lausanne, Jersey, Guernsey, and the Isle of Man.

With many years on the global Executive Management Board at Christie’s and in the Executive Team for Qatar Museums Authority, Richard has extensive experience of the art market which shaped and informed the creation of Cadell and its focus on providing private client professionals and their clients with truly independent advice.

Whilst conflicts of interest are endemic in the art market, Cadell does not deal, broker or accept introductory commissions. The focus is to provide private client professionals and their clients with independent estate planning advice on their art collections and manage any subsequent transactions via a formal competitive sale process.

In 2020 Cadell won the STEP Boutique of the Year Award. In 2022 Cadell became a leading European art adviser having managed the sale of over USD200m. In 2022 Cadell opened in New York and was chosen to manage the Sir Jeffrey Hotung Collection, which sold for over USD100m.

Registration:
To register please go to our website: www.step-geneva.org (click on “STEP events”, select the event, and click “Register Online” - this will redirect you to Infomaniak.com, where you can register and pay immediately either by credit card (except AMEX) or by bank transfer (click “invoice/fracture”). Afterward, you will receive a confirmation email including bank details if you choose to pay by bank transfer.