The global art market is growing, but new regulations may make owning, moving and passing it on more challenging in the future.

An estimated $67.4 billion was spent on artworks globally last year – six percent up on the previous year, according to UBS. Aside from collectors’ intrinsic interest in art for its own sake, this is a burgeoning asset class with latest figures suggesting that 86 percent of art acquisitions are made with investment performance in mind. Understandably therefore, and as they seek both cultural capital and a diversified asset pool, ultra high net worth investors (UHNWs) and Family Offices are approachin...