Tales about legacy typically reveal greater than the moments that made somebody recognized.
On this episode of Celeb Estates, creator and advisor Doug Woodham joins the present to discover how Jean-Michel Basquiat’s sudden passing set off a sequence of property challenges tied to illiquid property, sudden worth adjustments and household selections.
Doug explains how the absence of a will, a big assortment of art work and a fast-rising market created valuation hurdles, tax strain and liquidity pressure. He additionally shares how disputes, incomplete information and shifting asset values formed the long-term path of the property.
Be a part of Senior Editor David Lenok and Doug Woodham, managing associate at Artwork Fiduciary Advisors, as they break down the property classes behind one of the uncommon artwork legacies in current historical past.
Key takeaways embody:
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Illiquid property, risky markets and fast posthumous worth development
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Blockage reductions and the way massive holdings of 1 artist complicate valuations
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Household dynamics, estranged dad and mom and sudden inheritance patterns
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IRS disputes, liquidity pressure and sophisticated tax negotiations
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How Basquiat’s sisters finally managed a rising licensing enterprise
Assets:
Join With David Lenok:
Join With Doug Woodham:
About Our Visitor:
Doug Woodham is Managing Accomplice of Artwork Fiduciary Advisors and the previous President of the Americas for Christie’s, the worldwide public sale home. Earlier in his profession, he was a associate at McKinsey & Firm, advising asset administration and wealth administration corporations throughout the U.S., Europe, and Asia. He holds a Ph.D. in economics from the College of Michigan and is the creator of Jean-Michel Basquiat: The Making of an Icon (Thames & Hudson; 2025) and Artwork Gathering Right now: Market Insights for Everybody Passionate About Artwork (Allworth Press, 2017).
