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Purchasing international artwork with gift from U.S. foundation

  • 1.  Purchasing international artwork with gift from U.S. foundation

    Posted 11-13-2019 08:22 AM
    We have the opportunity to purchase a piece of artwork, whose provenance has ties to a founder of our college. There is a U.S. foundation who would like to issue us a grant for the purpose of making this purchase.  The artwork would be purchased from an individual living in Europe whose family owns the artwork.

    We are working on getting the artwork imported and the transfer of payment; are there any red flags or words of advice that we should be aware of in this exchange?

    Gwen

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    Gwen Donev
    gwendonev@GUSTAVUS.EDU
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