Celebrity Estates: Wills of the Rich and Famous

Celebrity Estates: Lessons from Leonard Lauder’s Art Legacy with Oliver Pursche

Jul 28, 2025

In this engaging discussion, Oliver Pursche, a senior vice president at Wealthspire Advisors with over 25 years in the field, illuminates the intricate estate planning surrounding Leonard Lauder's art collection. They delve into the emotional psychology behind collecting and how different valuation methods influence tax and succession strategies. Oliver shares insights on handling heirs with diverse interests in inherited collections and emphasizes the advisor's role in navigating family dynamics. Expert collaboration and personal client engagement strategies are also key highlights.

Ask episode

AI Snips

Chapters

Transcript

Episode notes

INSIGHT

Passion Drives Collectible Value

Art and collectibles are driven by passion, not just portfolio allocation.
Advisors must understand clients' collecting motivations to connect and plan effectively.

ADVICE

Use And Respect Outside Experts

Defer to subject-matter experts like art consultants on valuations and trends.
Build relationships with those experts rather than pretending expertise you don't have.

INSIGHT

Artist Status Shapes Valuation Risk

Value dynamics differ between living and deceased artists and change planning assumptions.
A living artist's work can appreciate unpredictably, altering long-term estate plans.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

In this episode of Celebrity Estates, host David Lenok welcomes Oliver Pursche, senior vice president at Wealthspire Advisors, for a deep dive into the estate complexities surrounding Leonard Lauder’s famed art collection. From cubist masterpieces to staggering valuations, they explore how collectibles impact balance sheets, spark family conflict and raise nuanced estate planning questions.

Here’s what to expect from this episode:

The emotional psychology behind collecting and why it matters to advisors
How valuation types (fair market vs. insurance vs. resale) shape tax and succession planning
What advisors must know about collaborating with clients’ outside experts
Strategies to handle heirs with unequal interest in inherited collections
And more!

Resources:

Listen to Celebrity Estates on WealthManagement.com
Subscribe and listen to Celebrity Estates on Apple Podcasts
Subscribe and listen to Celebrity Estates on Spotify
Trust and Estates Magazine

Connect With David Lenok:

Connect With Oliver Pursche:

About Our Guest:

Oliver serves as an advisor based in the firm’s Westport, Conn. and New York offices and is an Accredited Asset Management Specialist (AAMS®). He joined the team with over 25 years in financial services, having worked with independent RIAs, regional Broker Dealers, banks and bank trust departments, and family and multi-family offices.

Before coming to Wealthspire, he worked at Bruderman Asset Management, where he served most recently as the interim Chief Market Strategist and Vice Chairman of the Board, and previously as Chief Executive Officer. While concluding his tenure at Bruderman, he simultaneously served as Chief Investment Officer and Chief Market Strategist at EsteV LLC. He has also held leadership positions at Gary Goldberg Financial Services, Trust Company of America, and Neuberger Berman.

Oliver is an experienced global macro market strategist with significant media and corporate communications experience, as well as a published author. Active in the industry and his community, he served on the Cherie Blair Foundation for Women Entrepreneurs Advisory Board, Westport Arts Center Board, and Harvard Business Review Advisory Board, among others.

Originally from Germany, Oliver has resided in Fairfield, CT since 1984 and likes to stay active by playing tennis, scuba diving, and participating in competitive trap and skeet shooting in his free time.