With the rapid and unprecedented global expansion of the art market, new collectors are emerging every day. This new edition of Mary Rozell's definitive handbook is required reading for new and experienced collectors alike, as well as for anyone aspiring to a professional career within today's art market. Fully revised since its first publication in 2014 to reflect the many changes which have taken place in the art market, in art law, and in the practice of collecting, it now includes a completely new chapter on private museums. Mary Rozell draws on her long experience as an art collection professional and an art lawyer to illuminate some of the myriad issues that arise when owning an art collection. Covering acquisition, inventory management, the insurance, security, storage and conservation of collections, art financing and investing, and the sharing and de-accessioning of artworks, this meticulously researched but accessible book is an essential guide to the fascinating business of collecting. “A must have how-to book for collectors . . . As a single volume covering all aspects of collecting, it certainly merits a place on any bookshelf.”  —Georgina Adam, The Art Newspaper “Rozell's book is a superb resource for art collectors to have on hand, covering all aspects of planning, management and care. It is exhaustively researched and extremely well-presented and is a must for any art professional to have in their library.”  –Agnes Gund, President Emerita, Museum of Modern Art 'Rozell's book is a superb resource for art collectors to have on hand, covering all aspects of planning, management and care. It is exhaustively researched and extremely well-presented and is a must for any art professional to have in their library.' – Agnes Gund, President Emerita, Museum of Modern Art 'a must have how-to book for collectors ... As a single volume covering all aspects of collecting, it certainly merits a place on any bookshelf.' -- Georgina Adam ― The Art Newspaper Mary Rozell is Global Head of the UBS Art Collection. An art lawyer and art historian, she has been an adviser to collectors, artists and estates on legal and strategic issues relating to the acquisition, management and de-accessioning of private art collections, and was previously the Director of Art Business at Sotheby’s Institute of Art – New York.  She is the author of numerous journal articles and catalogue essays and was formerly the Germany Correspondent for The Art Newspaper .