Wednesday, January 29, 2020
 

Does it matter who manages an artist’s estate?

it’s unusual for heirs of an iconic artist like [Thomas Hart] Benton to have enlisted a bank rather than a family member, art adviser or gallery to care for the artist’s assets and legacy.

Typically, artists’ estates are managed by people with personal ties or by a nonprofit foundation formed to bolster the artist’s market value and prestige—often by selling some works into museum collections, organizing shows, chasing down entities that infringe on their artist’s copyrights, and even licensing merchandising.

So what’s the problem? More via the WSJ.

 

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