Navigating The Evolving Collectibles Market: Strategic Tax Planning For Artists And Collectors
Market Trends Shaping Investment Strategies
Tax Implications of the TCJA Sunset and Legislative Changes
Actionable Planning Strategies
Conclusion: Balancing Passion and Prudence
The evolution of the collectibles market demands adaptive strategies that combine market awareness with tax efficiency. For artists and collectors, the window to act before 2026 is closing—strategic gifting, entity structuring, and diversification, are crucial for preserving wealth across generations. As digital platforms democratize access and legislative landscapes shift, collaboration with fiduciaries skilled in both tangible assets and tax code complexities becomes indispensable.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
JPMorgan gets a dealmaking boost as Wall Street recovered from tariff tumult
Second-quarter earnings at JPMorgan Chase were better than expected Tuesday, as a boost in dealmaking demonstrated how Wall Street recovered from the spring freeze that accompanied President Trump's "Liberation Day" tariffs. Investment banking revenue at JPMorgan rose 8% from last year's second quarter to $2.5 billion due largely to advising on mergers and equity underwriting. Bond underwriting fell 2% but still exceeded analyst expectations. JPMorgan CEO Jamie Dimon said investment banking activity "started slow but gained momentum as market sentiment improved" and "the U.S. economy remained resilient in the quarter." He also offered some notes of caution, however. "Significant risks persist," he added, "including from tariffs and trade uncertainty, worsening geopolitical conditions, high fiscal deficits and elevated asset prices." JPMorgan raked in a total of $15 billion of net income over the second quarter, a 17% drop compared to the same period last year. But that drop was largely due to the fact that the comparison was skewed by a one-time gain on its Visa shares recognized in the second quarter of last year. Excluding that one-time gain in addition to a $774 million income tax benefit, JPMorgan's profits rose 9% in the second quarter to $14.2 billion compared with $13.1 billion in the year-ago period. Traders also did well amid the chaos of the second quarter. JPMorgan's trading revenue rose by 8% to $8.9 billion, with both equities and fixed income markets businesses seeing jumps. Revenue rose across JPMorgan's sprawling consumer bank as well as its asset and wealth management division and its global investment and commercial banking unit. However, revenue fell in its corporate unit. JPMorgan raised its full year net interest income guidance by $1 billion to $95.5 billion. Excluding interest income from its markets business, it now expects to earn $92 billion, or $2 billion more in net interest income than it previously expected. JPMorgan's stock was flat Tuesday morning ahead of the open. It is up 20% since the beginning of the year. David Hollerith is a senior reporter for Yahoo Finance covering banking, crypto, and other areas in finance. His email is Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
33 minutes ago
- Forbes
Building Lasting Customer Connection: From Engagement To Conversion
Manu Mathew is CEO & Cofounder of Cohora , a platform that helps brands drive customer growth, retention and advocacy through engagement. getty In an era where digital experiences shape every brand interaction, businesses are shifting from one-time transactions to long-term relationships. Creating an environment where customers feel genuinely connected is no longer a marketing tactic—it's a strategic imperative for sustained growth, loyalty and advocacy. The path from connection to conversion is no longer linear. It's shaped by how engaged, empowered and valued customers feel within a brand's ecosystem. This challenge has defined much of my career, first as co-founder and CEO of Visual IQ (acquired by Nielsen), then as President of the Americas at and now at Cohora, where we help brands turn customers into communities. Across each role, I've seen the same gap: Brands know retention is critical, but they often lack the tools and insight to go beyond transactional touchpoints and deliver real personalization. Retention isn't just about messaging. It's also about building the right environment, one where customers engage with the brand and each other, feel recognized and become advocates because they believe in what the brand represents. Too many companies treat engagement as a campaign rather than a culture. But the brands that win long-term view customer connection as a business asset, not just a marketing expense. Belonging In The Digital Age Today's customers expect more than a seamless transaction. They crave belonging, recognition and emotional connection. They want to feel part of something meaningful. According to Edelman's 2023 Brand Trust Report, 79% of consumers say they actively engage with brands beyond purchasing—by consuming content, offering feedback or participating in brand-led experiences. And 59% say brand trust makes them more likely to buy, while 67% say it increases their likelihood to stay loyal and advocate for that brand. When customers feel emotionally connected, the relationship moves from transactional to relational. This fosters stronger loyalty, increased lifetime value and word-of-mouth growth through referrals and user-generated content. The Harvard Business Review reinforces this: Emotionally connected customers are more than twice as valuable as merely satisfied ones. To build that emotional bond, brands are creating intentional communities through content ecosystems, digital engagement and loyalty programs that reflect customer identity and values. Brands that design intentional communities through content ecosystems, digitally facilitated interactions or loyalty initiatives fuel this emotional bond. According to McKinsey, 71% of consumers expect brands to deliver personalized interactions, and 76% get frustrated when a brand doesn't deliver on this. The good news: Brands that get personalization right generate 40% more revenue than their peers. When customers feel like they belong, relationships deepen, engagement increases and long-term value follows. What Real Engagement Looks Like Engagement is often reduced to a buzzword. But true engagement goes beyond likes or clicks. It's rooted in meaningful interactions, personalized experiences and shared ownership between brand and customer. • Authentic Engagement: The foundation of any strong customer relationship is two-way communication. Brands must not only speak but listen—actively and empathetically. Whether through social media, chat or in-app experiences, the interaction should feel personal, inclusive and human. Consider how beauty brand Glossier creates channels for two-way dialogue with customers. From Slack groups to feedback loops and micro-influencer campaigns, fans became part of the process. • Content That Delivers Value: People come back to brands that teach, inspire and entertain. Educational content, how-to videos, behind-the-scenes access and expert-led events build credibility and trust. For example, Nike Run Club invites users to train, compete and connect. • Personalization: Harness data to tailor experiences. Personalized offers, curated recommendations and custom interactions show customers they're understood and valued. Using customer information—such as skin type, preferences and purchase history—Sephora offers personalized product recommendations, pairings and interactive quizzes. This creates an experience that feels curated, not generic. • Incentives That Encourage Participation: Reward active engagement—offer points for reviews, recognition for social shares or early access to products. These mechanisms enhance involvement and build emotional investment. As BCG research found, "Companies with top loyalty programs find new ways to engage their loyalty communities, often turning customers into active brand advocates." • Customer Empowerment: Invite your audience to shape your brand. Feature real customer stories, crowdsource ideas or host design challenges. Like with Glossier's engagement campaigns mentioned above, when customers have a voice, they become natural advocates. While engagement is a key goal, its real power lies in its ability to drive revenue. Stronger relationships accelerate conversions—not just in purchases but in long-term behavior shifts. When customers feel invested, they educate others through authentic reviews and peer validation. This shortens the sales cycle and opens new doors for upselling and cross-selling through natural interactions. Most importantly, it anchors customers to your brand, driving loyalty that outlasts any promotion or campaign. Part of this process of creating a sustained connection requires the right infrastructure. For example, tools that unify CRM, content management, personalization and engagement features act as central hubs where customer interactions thrive. Dashboards, loyalty integrations and AI-powered insights can allow brands to evolve in real time, adapting to changing needs and behaviors. The key is to integrate engagement into every step of the customer journey, rather than treating it as an add-on. A Collaborative Future The next wave of brand success won't be driven by louder ads or deeper discounts. It will be fueled by deeper relationships. As digital fatigue rises, customers will gravitate toward brands that make them feel seen, heard and connected. In short, they'll choose brands that matter. To earn that connection, companies must shift from broadcasting to enabling, from selling to supporting and from control to collaboration. Customers don't just want products—they want purpose. They want to be part of something bigger. They want brands to reflect their values and invite their voices. Brands that embrace this shift will build more than customer bases—they'll build communities. The journey from connection to conversion is shaped by trust, relevance and relationship. In a world defined by automation and scale, real human connection is the edge that sets winning brands apart. By investing in long-term engagement, brands unlock something more powerful than a campaign—they create a durable engine for growth, driven by loyalty, advocacy and meaning. That is the true power of connection. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
Associated Press
33 minutes ago
- Associated Press
Capital One, Walmart: A look at some of the consumer cases dropped by the CFPB under Trump
NEW YORK (AP) — In the nearly six months since the Trump administration has had control of the Consumer Financial Protection Bureau, the bureau's leadership has focused almost exclusively on rolling back any punishments, fines and penalties made against companies during the Biden administration. In some cases, companies that were supposed to refund their customers or pay a penalty for unfair or deceptive practices are no longer bound to make their customers whole. Other companies facing charges of fraud of deceptive practices saw their lawsuits dropped in the early days of the Trump administration. Here are some of the Trump administration's rollbacks: Navy Federal Credit Union The CFPB accused Navy Federal Credit Union, the nation's largest credit union, of having unfair and deceptive overdraft fee practices. NFCU settled with the bureau and agreed to refund its members $80 million in overdraft fees. However, when the new administration took over, NFCU asked to have the order dismissed, which the CFPB agreed to do without giving a reason. Navy Federal has not said whether it would refund their members, which are mostly service men and women, families and veterans. Reduced overdraft fees The CFPB proposed new regulations that would have reduced overdraft fees to $5 from their industry average of $27. The regulations focused on a bureau analysis on what it actually cost banks to make short-term loans to customers to cover those purchases when a customer's account went negative. The banking industry stood to lose billions of dollars in overdraft revenue, although banks have been weening themselves off overdraft fee revenue for years. The regulations were overturned by the Republican-controlled Congress in April. Capital One In the last days of the Biden administration, the CFPB sued banking giant Capital One for allegedly cheating its customers out of $2 billion in interest payments on their savings accounts. The case involved a product that Capital One sold known as 360 Savings, which the bank advertised as having the best savings rate in the country. Capital One failed to tell some customers that it had another product with a higher savings rate. The case was dropped within days of the Trump administration taking over the bureau. WalMart The CFPB filed a lawsuit in December against WalMart and workforce company Branch Messenger, accusing the companies of deceptively steering delivery drivers to open accounts with Branch, in order for those employees to get instant access to their wages. However, the CFPB said these Branch accounts came with high fees and deceptive marketing, and said Wal-Mart and Branch should return $10 million to harmed drivers. Both Wal-Mart and Branch denied the accusations. The lawsuit was dropped by the CFPB in the first weeks of the Trump administration. Zelle The parent company of Zelle, the peer-to-peer payment system, as well as some of the nation's largest banks, were sued by the CFPB late last year over accusations they failed to protect hundreds of thousands of consumers from rampant fraud on Zelle, in violation of consumer financial laws. The CFPB's lawsuit claimed hundreds of thousands of customers lost approximately $870 million in funds to fraud over the seven years that Zelle had been in existence. That lawsuit was dropped by the CFPB in March.
