Art News. Vasari Codex

filter_list Showing 3 results for "geneva freeport" close Clear

dashboard All 3 article culture 1 trending_up market 1 article policy 1

article culture schedule Jun 10, 2025 visibility 8 link 1 artist

maura brewer money laundering art 1234744709

Maura Brewer, a Los Angeles-based artist and academic, creates video works that expose the role of art in money laundering. Her 2021 piece *Private Client Services* demonstrates the laundering process, while *Offshore* (2024) serves as a satirical guide for artists navigating global finance, featuring locations like the Cayman Islands and Geneva Freeport. Her ongoing project *Leverage* examines art-backed loans through the case of collector Daniel Sundheim. Brewer also works as a private investigator and recently lost her home in the Eaton Fire.

newspaper ARTnews open_in_new Read original

article policy schedule Dec 2, 2025 visibility 10 link 1 gallery

switzerland reject inheritance tax billionaires collectors 1234764622

Swiss voters overwhelmingly rejected a proposed inheritance tax on Sunday, with 78% voting no. The tax, introduced by the Social Democrats, would have applied a 50% rate to inheritances and gifts exceeding 50 million Swiss francs (about $62.3 million). Billionaire Peter Spuhler threatened to leave the country if the tax passed, and Swiss wealth managers warned that other ultra-wealthy individuals would follow, citing their mobility and options to optimize taxes.

newspaper ARTnews open_in_new Read original

trending_up market schedule Jun 19, 2025 visibility 9 link 1 artist

Anxious collectors are increasingly turning to freeport havens, experts say

Rising tariffs, geopolitical instability, and extreme weather events are driving art collectors to move valuable items into secure, tax-friendly freeports, particularly in Switzerland. Experts Alexandre Ducamp of Natural le Coultre and Fritz Dietl of Delaware Freeport report a significant increase in clients over the past three years, citing the war in Ukraine, multiple ongoing conflicts, and President Trump's April 2025 'Liberation Day' tariffs as key factors. Collectors are using freeports in Geneva, Zurich, Basel, and Chiasso, as well as foreign trade zones in Delaware, to delay or avoid import duties on items like design furniture, antiques, and Chinese-origin artworks, with some purchases being cancelled due to new tariffs.

newspaper The Art Newspaper open_in_new Read original