Business

Purchase & Sales Transactions

Purchases.

We assist with Corporate, Trust and LLC investment purchases as well as Museum purchases by negotiating price and structuring transactions to reduce tax liabilities as applicable. We prepare and negotiate purchase agreements with sellers including the negotiation of commissions, guaranties and warranties, Corporate and LLC 1031 exchanges, and advise on and negotiate insurance coverage. We conduct due diligence to determine valuation, title and authentication

Sales.

We work to maximize sale price and minimize tax liabilities. We assist with Corporate, Trust and LLC sales, as well as Museum deaccessions, with the negotiation and preparation of private sale agreements, gallery consignment agreements, and auction consignments. Sale advice and transaction services include structuring transactions to reduce tax liabilities or meet deaccessioning requirements, preparing Corporate and LLC 1031 like kind exchanges, negotiating guarantees and advances, determining the highest and best market, valuation, and negotiation of commission structures using established relationships with auction houses, galleries and dealers.


Recent Services

  • Preparation and negotiation of purchase and sale agreement between dealer and owner for Jasper Johns painting.
  • Preparation and negotiation of gallery consignment agreement on behalf of consignor of collection of California plein air oil paintings.
  • Represented bidder in bankruptcy stalking horse bid asset sale.
  • Represented museum in the negotiation and purchase acquisition of artwork.
  • Structured charitable bargain sale of artwork on behalf of seller/donor and the museum, thus reducing purchase price and creating charitable tax deduction for seller/donor.