The Artist's Estate
A Handbook for Artists, Executors, and Heirs
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Beschreibung / Abstract
Andy Warhol bequeathed us the words “Death can really make you look like a star.” But death per se is not a catalyst for the relevance of an artist. What is of crucial importance is the proper management structure for the posthumous preservation and development of an artistic estate. The handbook by Loretta Würtenberger presents the possible legal framework, appropriate financing models, as well as the proper handling of the market, museums, and academia. Her business, Fine Art Partners, has advised artists and artists’ estates for many years in their structuring and development of estate concepts as well as in operative questions. Based on numerous international examples, the author explains the different alternatives for maintaining an artist’s estate and makes recommendations on how to ideally handle work, archives, and mementos following the death of an artist.
Beschreibung / Abstract
Andy Warhol bequeathed us the words “Death can really make you look like a star.” But death per se is not a catalyst for the relevance of an artist. What is of crucial importance is the proper management structure for the posthumous preservation and development of an artistic estate. The handbook by Loretta Würtenberger presents the possible legal framework, appropriate financing models, as well as the proper handling of the market, museums, and academia. Her business, Fine Art Partners, has advised artists and artists’ estates for many years in their structuring and development of estate concepts as well as in operative questions. Based on numerous international examples, the author explains the different alternatives for maintaining an artist’s estate and makes recommendations on how to ideally handle work, archives, and mementos following the death of an artist.
Inhaltsverzeichnis
- Cover
- On Dealing with Artists’ Estates
- Interviews
- Introduction
- I. What Is an Artist’s Estate?
- 1. An Artist’s Estate in the Legal Sense
- 2. An Artist’s Estate in the Commonly Understood Sense
- II. How Should Estate Work Begin?
- 1. Strategy Development
- 2. Securing the Oeuvre
- 3. Categorizing the Stock of Artworks
- III. In What Forms Can an Artist’s Estate Be Administered?
- 1. The Imperative of the Artist’s Will
- 2. Administering an Estate Privately
- 3. Administering an Estate in an Institutional Form
- 4. Considerations in Selecting the Type of Estate Structure
- 5. Aspects of Nonprofit Status
- 6. Art, Taxes, and Structural Options for Estates
- IV. Who Should Administer an Artist’s Estate?
- 1. Internal Administration
- 2. External Administration
- V. How to Keep an Artist’s Work Alive?
- 1. Scholarly Research
- 2. Active Collaboration with Museums
- 3. Entering the Art Market: Branding and the Marketplace
- VI. Should an Artist’s Estate Live Forever?Investments, Returns, and the Future
- 1. Sunset and Eternity Models
- 2. Estate Expenditures
- 3. Sources of Income for Artists’ Estates
- Summary
- Michael Baumgartner - Zentrum Paul Klee
- Mayen Beckmann - Max Beckmann Estate
- Richard Calvocoressi - Henry Moore Foundation
- Jerry Gorovoy - Easton Foundation / Louise Bourgeois
- David Nash - Gallerist of the Roy Lichtenstein and the Willem de Kooning Estate
- Interview with Jack Flam - Dedalus Foundation / Robert Motherwell
- Christy MacLear - Robert Rauschenberg Foundation
- Rainer Judd - Judd Foundation
- Barry Rosen - Eva Hesse Estate
- Michael Ward Stout - Robert Mapplethorpe Foundation
- Gisela Capitain - Martin Kippenberger Estate
- Hélène Vandenberghe - Estate of Philippe Vandenberg
- Photo credits