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Time is right for collecting families to gift works of art
April 2009 - With the art market in decline, collectors looking to divest should consider the benefits of passing down artworks, antiques and collectibles to family members or donating them to a qualified charity according to Shelly Banjo of the Wallstreet Journal. Prices have plunged 20-30% and with interest rates low, its an attractive time for some people to use gifts or donations to reduce the size of their estates or the amount of gift tax they owe. Read more
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