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How we work with you

Juan Carretero, a Venezuelan entrepreneur and passionate art collector, wants to expand his art collection, which he regards as an investment. It is displayed in his Miami Beach home.

To enable him to identify opportunities to grow his collection, Mr Carretero’s banker introduces him to one of our dedicated, in-house art experts.

Accepting his existing collection as collateral, we arrange financing for him to buy a masterpiece that he loves.

Mr Carretero is keen to keep his collection intact after his lifetime for his family’s enjoyment, so our wealth planners work with the client and his advisor to create a structure to hold the art and provide potential US transfer tax efficiencies.

We invite him to attend the exclusive art events that we regularly hold, where he is able to meet peers who share his passion.

 

All persons mentioned on this page are fictional and were created for illustrative purposes only. Any resemblance to real persons is a coincidence and unintended.This scenario is hypothetical and for illustrative purposes only. It does not take into account the investment objectives, risk profile or financial situation of any particular person and as such, strategies may not be suitable for all investors. Nothing on this page is intended to be an offer to purchase or sell, or a solicitation of an offer to purchase or sell, any security.No inference should be drawn that any investment product or strategy referred to was actually implemented on behalf of a client, or if it was, that it was successful.

Investments in securities involve risks and may lose value. Investment products are not deposits or other obligations of, or guaranteed by, Citibank, its affiliates or any other depository institution. Investment products are not insured or guaranteed by the U.S. Government, the Federal Deposit Insurance Corporation or any other government agency and may lose value.

The information contained is not intended to be an exhaustive discussion of the strategies or concepts mentioned herein or tax or legal advice. Neither Citigroup nor any of its affiliates provides tax or legal advice. You should obtain advice based on your own individual circumstances from your tax, financial, legal and other advisors about the risks and merits of any strategy before making an investment decision, and only make such decisions on the basis of your own objectives, experience, risk profile and resources.

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