Drew Watson is Managing Director, Head of Art Services at Bank of America. He leads a team of specialists with extensive industry experience from careers in major auction houses, appraisal firms, museums, and galleries.
Art Services
At Bank of America, we understand the significant role that art plays in both our clients’ lives and within our communities. We offer a range of solutions to address the needs of art collectors, families, artists, foundations, museums, and art businesses throughout the collecting life cycle.
Our approach
Our clients collect art because it’s a reflection of life experiences, values and interests, but art can also be a significant asset that should be considered in the context of a broader wealth plan.
We help individuals and families borrow against their art collection, design wealth and estate plans fully integrating their art, and prepare for a sale of art or collectibles at auction or via private sale. For institutions, we provide nonprofit advisory services, Consignment Services, and offer institutional investment management by a fully outsourced Chief Investment Office.
Liquidity
Unlock the value of your collection by using your art as collateral for a loan to finance business objectives, acquire additional artwork, or to raise funds for a philanthropic endeavor all while keeping your art on your walls.
Consulting and Consignment
Art Consulting offers a tailored experience for clients at every stage of their collecting journey built around a multistep process of consultation, strategy guidance, execution support and long term advice.
Through Consignment Services, we can help optimize the sale of art and collectibles so our clients receive end to end guidance on the selling process and preferred pricing on seller's commissions and fees with major global auction partners.
Planning
Our dedicated team of wealth strategists carefully balance considerations around taxes, wealth transfer, and philanthropic goals while planning for the disposition of your art and collectibles.
Philanthropy
We offer private philanthropy services for individuals, as well as tailored consulting and investment management solutions for museums and foundations. In addition, collecting institutions can leverage our consignment services for thoughtful deaccession strategies
Insights
We deliver comprehensive insights and thought-leadership on the art market, collecting trends, industry shifts, tax considerations for collectors, philanthropy and more in reports like our bi-annual Art Market Update.
Access
Bank of America Corporation is one of the largest corporate sponsors of arts and culture giving our clients access to major events throughout the art world calendar, including TEFAF New York, where we have been the leading corporate partner since 2017.
Our commitment to the arts
At Bank of America Corporation, we believe that investing in the arts has a positive impact on our lives. We support a wide range of nonprofit organizations with funding and programming to help make the arts more accessible to communities around the world and to preserve works of art and heritage sites for generations to come.
Art in our communities®
Bank of America shares our art collection with our communities through curated exhibitions that museums and nonprofit galleries may borrow at no cost.
William Gottlieb (American, 1917-2006)
Dizzy Gillespie, 52nd St., New York, N.Y., c. 1948
Gelatin silver print
Bank of America Collection
Featured in Jazz Greats: Classic Photographs from the Bank of America Collection
Museums on Us®
Bank of America offers our cardholders free general admission to cultural institutions across the U.S.– during the first full weekend of every month.
Visitors in “The Salon” gallery at the Museum of Fine Arts, Boston.
Penny and Jeff Vinik Gallery
Photograph © Museum of Fine Arts, Boston
Art Conservation Project
Art and objects of cultural heritage are vulnerable to the impacts of time and the conservation of these works calls attention to the rich diversity of the human experience.
National Gallery of Ireland, Dublin
Daniel Maclise (Irish, 1806 –1870)
The Marriage of Strongbow and Aoife, 1854
Oil on canvas
124 7/8” x 202 7/8” (317 x 515 cm)
Sponsorships & Partnerships
We partner with museums and nonprofit cultural institutions that are vital to the economic health of vibrant, successful communities.
Alvin Ailey American Dance Theater's Corrin Rachelle Mitchell and Michael Jackson Jr. in Alvin Ailey's Revelations. Photo by Paul Kolnik.
