- HSBC's "Artfully Investing" event focused on integrating art into wealth and estate planning strategies.
- The discussion highlighted art valuation, estate planning, and using art as collateral.
- Experts emphasized financial hygiene, with regular appraisals and insurance updates for art collectors.
HSBC Private Banking recently hosted "Artfully Investing: An Art Market Update and Private Planning Discussion" at the Berry Campbell Gallery in Chelsea, Manhattan. The event was aimed at guiding collectors in integrating their art collections into comprehensive wealth and estate planning strategies. A distinguished panel, moderated by Carly Doshi, Head of Wealth Planning and Advisory at HSBC, was present to provide insights on art market trends and collection strategies.
Panel members, including Christine Berry, Co-Founder of the Berry Campbell Gallery; Gabrielle Segal, Founder of GS Art Concierge; and Ron Fiamma, President and Co-Founder of Treadwell, addressed crucial topics such as art valuation, estate planning, and the integration of art assets into a broader financial strategy. There was a significant focus on the importance of regular appraisals, insurance updates, and understanding the motivations behind art collecting.
Christine Berry emphasized the need for art collectors to consider the tax implications and the role of professional appraisers in managing art holdings effectively. Meanwhile, Ron Fiamma discussed emerging risks, highlighting the impact of climate-related threats on physical art assets and the increasing use of art as collateral.
Hosted at the Berry Campbell Gallery, co-founded by Christine Berry and Martha Campbell, the event highlighted the gallery's mission to bring visibility to historically overlooked artists, especially women in postwar and contemporary movements. This aligns with HSBC's commitment to empowering clients with the tools to safeguard their art collections as both valuable assets and lasting legacies.
HSBC Holdings plc (HSBC, Financial), headquartered in London, serves customers around the globe with assets totaling US$3,054 billion as of March 31, 2025. HSBC remains one of the world's largest banking and financial services organizations, offering a wide range of services to support clients in managing and growing their wealth.
