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June 6, 2007

Private Client Services Newsletter (Summer 2007)
What You Need To Know When Selling Collectibles At Auction
The Three 'Ts' Of Purchasing Real Estate Abroad

Arnold & Porter Advisory

Welcome to the first edition of our Private Client Services Newsletter.

In this edition we will focus on selling art and collectibles at auction and what to watch out for when purchasing real estate abroad. We also invite you to learn more about our team and the services we provide by visiting the Private Client Services page of our website.

Finally, so we can tailor this Newsletter to meet your needs, we would appreciate hearing what issues are on your mind. Please take a moment to provide feedback at the close of this Newsletter.

Regards,
Thomas A. Larsen
Director, Private Client Services Group

WHAT YOU NEED TO KNOW WHEN SELLING COLLECTIBLES AT AUCTION

Whether you collect paintings, sculpture, antiques, books, jewelry or wine, the day may come when you wish to sell some or all of your collection. While this article is focused on selling at a live auction through one of the well-known auction houses like Sotheby's or Christie's, there are, of course, a variety of other things that you could do with all or part of your collection - for example, make a gift to your heirs or a museum, make a consignment to a dealer or conduct your own auction on eBay. Whatever approach you take, you will be faced with important economic, contractual and tax issues that should be reviewed with your attorney. Click here for an article that touches on many of these issues.

THE THREE 'Ts' OF PURCHASING REAL ESTATE ABROAD

People generally have a variety of motivations for buying real estate in foreign countries - ranging from investment potential to the desire to have a vacation home abroad or a place for a child to live while he or she studies or works in a foreign locale. Whatever the motivation for purchasing the property, we have identified a number of issues that arise again and again in real estate transactions in foreign countries in an effort to shed light on some potential obstacles. We call them the three 'Ts' of purchasing real estate abroad. Click here to read the full text of the article.