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In the News Press Release

Five Questions: Von Sanborn on Art Law, Insurance and the IRS

Publisher: Connecticut Law Tribune
April 17, 2017

Von Sanborn was featured in an article, "Five Questions: Von Sanborn on Art Law, Insurance and the IRS," published in the Connecticut Law Tribune. In the article which profiled Sanborn's experience handling art and insurance law, Sanborn discussed his practice which includes counseling clients on the formation of art trusts; issues related to sales and use of tax; and art transactions. With estimates on annual art transactions in the global market ranging from $50-$60 billion, if not higher, Sanborn said, "it's clear that art is now an asset class of its own, necessitating all the due diligence once reserved for more traditional asset classes like financial investments and real estate," Whether his clients are buying, selling, gifting, donating, loaning, borrowing against or otherwise transacting in art, given the enormous value of such assets, Sanborn told the Connecticut Law Tribune, "I work to ensure my clients are properly protected with the appropriate legal documentation. Additionally, as inheritance tax and international tax laws continue to change, I firmly believe clients must be properly advised in order to avoid costly mistakes."

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