Taylor Wessing Offers "Survival Guide" For Trophy Assets

Tom Burroughes

21 December 2016

The international law firm has sought to inform clients – and readers of this publication – about the sometimes misunderstood world of “trophy assets”, a world that can include items ranging from jewellery, fine wine, classic cars, the arts, luxury residences and bloodstock.

While enthusiasm for holding and investing in such niche areas waxes and wanes with fashion and economic circumstance, certain features endure. Some of those relate to how to manage disputes, such as establishing if an artwork is genuine or fake, handling enfranchisement issues with property, or drawing up contracts for owning or leasing a private jet or yacht.

All such issues are brought under one literary roof in a new publication, Survival Guide to Trophy Assets: Managing Disputes Over Passion Investments. The 97-page guide is illustrated with the kind of alluring objects that fall into the “trophy asset” category, interspersed with advice about the problems and disputes that can arise. There 10 chapters.

With interest in such assets showing few signs of abating just yet, this looks like the kind of guide any wealth management professional should have on their shelf.