Art Services for Individuals & Families

Whether you’re an individual or an arts institution, our Art Services group can work with you to deliver solutions to managing your collection

Our Approach

At Bank of America, we offer extensive art services. We provide solutions for collectors and institutions while helping to navigate the complex art world.

For individual collectors we help:

Unlock capital via Bank of America by lending against collections
Design estate plan options and philanthropic strategies to address tax and other implications of a collection
Prepare for a sale of art or collectibles via consignment services

For institutions we:

Provide institutional investment management for endowments
Offer consulting services on issues including governance, development and board best practices
Help fund acquisitions by extending credit via Bank of America, and assist with deaccessioning though Consignment Services

Whatever your specific goals are for your collection, our range of capabilities, along with our commitment to the arts can help us deliver a broad combination of services while considering the legacy and potential of your collection as part of your overall financial goals.

Services

Art Lending

Bank of America credit specialists work with major auction houses and independent appraisers to provide an objective appraisal. You select the art used as collateral, while keeping your collection on display.

• You can leverage your art to:
• Finance business goals
• Acquire additional artwork
• Use liquidity to take advantage of other financial opportunities
• Raise funds for donating and gifting

Art Planning

Our solutions carefully balance considerations around taxes, wealth transfer and philanthropic goals as you consider the disposition plan for your collection.

We can help with:

• Determining sales strategies to minimize and defer taxes
• Gifting to family members
• Donating to a charitable institution
• Creating a private museum
• The sale of art or collectibles through Consignment Services
• Each of these options has complex implications, which we can help you evaluate well in advance of making decisions.

Consignment Services

With our Consignment Services, an Art Services Specialist can work with you to manage the sale of individual pieces or an entire collection, bringing transparency to the auction process while helping you save time and money. We can consign fine art, including paintings, works on paper, photographs and sculpture, and collectibles, including classic cars, watches, jewelry, fine wine, handbags, and furniture.

We can help you:

• Plan for a thoughtful and competitive sales strategy
• Negotiate Seller’s Agreement and financial terms
• Reduce/eliminate seller’s commission and fees
• Secure robust marketing and PR package

Philanthropic Solutions

We offer a full suite of art services for museums, foundations and institutions, ranging from investment management and lending, to comprehensive consultative services.

We offer:

• Endowment management services and complete outsourced investment function capabilities
• Consulting on governance, development strategies, and board relationships
• Lending solutions working with Bank of America credit specialists
• Consignment Services to help with deaccessioning

A private wealth advisor can help you learn more.

Find an advisor

Related Capabilities

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Frequently asked questions

What is an annuity?

An annuity is a contract with an insurance company that is specifically designed for retirement purposes. When you purchase an annuity, you make a payment to an insurance company that, in turn, agrees to pay out an income stream or a lump-sum amount at a future date. Annuities are primarily designed to deliver a predictable income stream that can be used to cover essential expenses, such as housing and food, in retirement. However, some annuities offer downside protection from market volatility by guaranteeing all or part of your original investment while still participating in market gains.

Are annuities taxable?

What are the different types of annuities?

Annuities offer a range of features that can be selected based on your individual needs and preferences, giving you flexibility in managing your retirement savings. Some common annuity types include:

Income Annuities that offer a lifetime income stream that will start on a future date chosen by you at the time of purchase.
Fixed Indexed Annuities with Optional Income Benefits that offer 100% principal protection against market risk and investment growth potential through returns tied to the performance of market indices, growing in a tax-deferred manner and offering lifetime income benefits, for an additional cost.
Variable Annuities with Optional Income Benefits that allow you to participate in the markets by offering a wide range of professionally managed investment options aligned with your risk tolerance and time horizon and lifetime income benefits, for an additional cost.
Fixed Annuities that offer a pre-established, guaranteed rate of return for a specified period.
Fixed Indexed Annuities that offer 100% principal protection against market risk and investment growth potential through returns tied to the performance of market indices, such as the S&P 500®, over a variety of time horizons.
Variable Indexed Annuities that offer tax-deferred investment growth through returns tied to the performance of market indices, as well as providing limited downside protection.

Are annuities FDIC insured?

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Nonfinancial assets, such as closely-held businesses, real estate, fine art, oil, gas and mineral properties, and timber, farm and ranch land, are complex in nature and involve risks including total loss of value. Special risk considerations include natural events (for example, earthquakes or fires), complex tax considerations, and lack of liquidity. Nonfinancial assets are not suitable for all investors. Always consult with your independent attorney, tax advisor, investment manager, and insurance agent for final recommendations and before changing or implementing any financial, tax, or estate planning strategy.

Investing involves risk. There is always the potential of losing money when you invest in securities. Past performance does not guarantee future results. Asset allocation, rebalancing and diversification do not guarantee against risk in broadly declining markets.

Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary.

This material does not take into account a client’s particular investment objectives, financial situations, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select. For more information about these services and their differences, speak with your Merrill financial advisor.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.

Merrill Private Wealth Management is a division of MLPF&S that offers a broad array of personalized wealth management products and services. Both brokerage and investment advisory services (including financial planning) are offered by the Private Wealth Advisors through MLPF&S. The nature and degree of advice and assistance provided, the fees charged, and client rights and Merrill’s obligations will differ among these services. Investments involve risk, including the possible loss of principal investment.

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Trust, fiduciary and investment management services, including assets managed by the Specialty Asset Management team, are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”), and its agents.

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Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation.

Investment, insurance and annuity products:

Are Not FDIC Insured

Are Not Bank Guaranteed

May Lose Value

Are Not Deposits

Are Not Insured by Any Federal Government Agency

Are Not a Condition to Any Banking Service or Activity

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