Deloitte art & finance conference - Luxembourg - October 2008
In view of the current rise in art as a new alternative asset class,
there was a great deal of interest in the Art & Finance conference
organised by Deloitte Luxembourg. This event was held at the Luxembourg
Philharmony on 1st October 2008, with the support of the Luxembourg
School of Finance.
Internationally renowned experts in art and
finance from Sotheby's Institute of Art, Fine Art Wealth Management Ltd
and The Fine Art Fund in London and in Luxembourg, Elite Advisers and
Deloitte gathered to debate the development, in the medium term, of new
specialised financial services in Luxembourg. "Luxembourg
has numerous advantages in terms of financial expertise, and from a
geographical, political, legal and fiscal point of view. Its
attractiveness enables it to seriously think about and examine a
niche position notably in the specific domain of art investment fund
management and more generally, in the domain of collector's items", remarks Thierry Hoeltgen, Partner Business Consulting in Deloitte Luxembourg.
In
her speech, the Secretary of State for Culture, Ms Octavie Modert,
congratulated Deloitte for their initiative in managing the emergence
of this new niche in synergy with the cultural sector. Interest in art
as a new alternative asset class has increased over the past few years
throughout the world. This interest can be noticed by the development
of consultancy in art within the scope of wealth management activities
and the emergence of art investment funds.
Thierry Hoeltgen: "If
Luxembourg could succeed in creating a global centre of excellence,
then a new activity of high added-value would strengthen the
competitive position of the country." With this in mind,
Deloitte offers to carry out, with all the interested parties in
Luxembourg, an extensive evaluation of potential opportunities for the
financial and cultural sectors in the country.
Find out more about the insights and speakers of the conference’s first edition.
- Podcasts – Download videos of the conference
- Biographies – More information on the international renowned guest speakers
- Strategic discussion paper – Explores the rise of art as a new asset class in further detail
- Photo gallery – See photos of the conference
Photo gallery: Paintings from Rik Hey offered to the speakers