#Engage2023 - A Taste for the Finer Things: Art and Wine Investing

At the 2023 AICPA Engage conference, David and Blake explore investing in fine art and rare wines. They meet with Colleen Boyle, an art advisor, about building valuable art collections, and Atul Tiwari, a wine CEO who explains how rare wines can be an alternative investment option.

Meet Colleen Boyle, Managing Director-National Sales at The Fine Art Group
LinkedIn: https://www.linkedin.com/in/colleen-boyle-4b64a946/
Website: https://www.fineartgroup.com/

Meet Atul Tiwari, Chief Executive Officer at Cult Wines Americas
LinkedIn: https://www.linkedin.com/in/atul-tiwari-0a967818/?originalSubdomain=ca
Twitter: https://twitter.com/CultWinesUK
Facebook: https://www.facebook.com/CultWinesLtd/
Instagram: https://www.instagram.com/cultwines/?hl=en

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#Engage2023
  • (00:00) - Art & Wine Podcast
  • (00:50) - Introducing Colleen Boyle
  • (01:38) - Different niche's of the art market
  • (06:25) - What is the difference between price and value?
  • (08:47) - How do you look at art work through the tax lens?
  • (13:02) - How did you get into the art industry?
  • (15:38) - What are Colleen's favorite collectibles?
  • (16:25) - How do NFT's and digital assets fit into this industry?
  • (21:31) - Background on Cult Wines
  • (24:25) - What is In-Bond and how does it work in the UK?
  • (29:04) - What is a typical return on a investment like this?
  • (32:24) - Is it hard having appreciation for an asset when the client sees it as a investment?
  • (33:28) - Can the location of the client make wine challenging to store and ship?
  • (35:09) - How to start investing in wines?

Creators and Guests

David Leary
Host
David Leary
President and Founder, Sombrero Apps Company
Atul Tiwari
Guest
Atul Tiwari
As Chief Executive Officer, Atul Tiwari leads the team and is responsible for the overall strategy and development of Cult Wines Americas. Hailed by Investment Executive as ‘having a knack for knowing what’s next’, Atul is thrilled to have successfully married his extensive investment experience with a passion for wine to introduce this unique asset class to the Americas market. Atul leads with investment rigor, excellent client relationships and unparalleled knowledge of the asset class. Atul’s background speaks for itself, before building Cult Wines Americas, he was employee number one at Vanguard Canada. As CEO for the company, together with his team, he helped pioneer ETF investing in Canada and grew the company from $3 to $30 billion in assets over 7.5 years. Prior to Vanguard, he held progressively senior positions at BMO Financial including senior vice president of BMO Asset Management, heading up the BMO US mutual fund business in Chicago before going on to lead the charge for BMO to enter the ETF business as the founding President of BMO Exchange Traded Funds. In addition to his personal interest in wine, Atul has also managed a 4,000-bottle cellar of fine Burgundy for the Toronto Chapter of the Confrerie des Chevaliers du Tastevin over a five-year period. After earning his law degree from Osgoode Hall Law School (Canada), he began his career in law, practicing in London (UK) and Toronto (Canada) before transitioning to finance.
Colleen Boyle
Guest
Colleen Boyle
Colleen Boyle brings over 20 years of diverse experience in the art and financial world to The Fine Art Group. She has valued art and collectibles for international corporations, museums, and private collectors across the globe. Colleen has provided legal analysis for court cases involving art valuation and identification. Colleen earned a diploma in French Fine and Decorative Arts at Christie’s in Paris and a Master of Arts degree in Art History from the University of St. Thomas. She then received a Bachelor of Arts degree in Economics from The College of William & Mary. She is a member of the Appraisal Association of America and is USPAP compliant. Having earned the Chartered Advisor in Philanthropy designation (CAP®), Colleen regularly assists clients with monetization strategies of tangible assets for charitable endeavors as well as identifying institutions for direct donations. She conducts lectures and Continuing Education classes on diverse topics pertinent to art and collectibles and is featured in a documentary titled “The Real Fake.”
#Engage2023 - A Taste for the Finer Things: Art and Wine Investing
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