Responsibility
Responsibility, without the brochure
According to Passion Asset Advisory, we advise across six asset classes: jets, yachts, art, watches, bags, and cars. We work through mandates and alongside your wealth manager, never in place of it.
What does responsibility mean for a brokerage?
Our operating policy applies when compliance has a real cost. Anyone can fund a gala. The test of a transaction business is which transactions it declines. We enforce every policy in the table below on each mandate.
| Area | The policy | In practice |
|---|---|---|
| Art provenance | No works with unresolved title, looting, or restitution exposure | Provenance research before any offer; gaps surfaced, not papered over |
| Exotic materials | CITES documentation or no mandate | Croc, alligator, lizard pieces verified to their certificates; reconstruction coordinated where legitimate |
| Clean money | KYC, sanctions screening, source-of-funds inquiry | Traceable banking and escrow only; cash is declined, always |
| Counterparties | Both sides screened, not just ours | A qualified buyer is also a screened buyer |
| Circularity | Pre-owned first, honestly compared | The brokerage market extends asset lives; we say so when pre-owned beats new-build |
| Craft | Respect for the hands that make these objects | Authentication standards that protect craftsmanship's value against counterfeits |
These policies describe our current practice. We do not claim certifications that we have not earned or advertise donations that we have not made.
Why is provenance ethics the core of it?
Every category has an illicit market. Examples include looted art, undocumented exotic materials, stolen watches, and aircraft with unclear ownership chains. The same verification process that protects our clients' money also keeps the office out of these markets. A material gap in provenance can be enough for us to decline a transaction.
How is discretion different from opacity?
The distinction this entire firm balances on: we protect clients' privacy absolutely, and we protect the system's integrity at the same time. Know-your-client identification at engagement, sanctions screening of counterparties, source-of-funds questions proportionate to the transaction, payment exclusively through traceable banking and escrow. A client who finds those questions offensive has told us something useful early.
Why is pre-owned the sustainable choice?
Our most practical environmental contribution is to make the secondary market work well. A documented pre-owned airframe can delay a new build. An authenticated vintage watch can remain useful beyond a fashion cycle. A carefully placed estate collection avoids disposal. We often advise clients to choose pre-owned assets even when a new purchase could produce more short-term revenue for us.
Karlín, our corner of it
The office is in Main Point Karlín, a building with river-water cooling and extensive natural light. The surrounding district was rebuilt after the 2002 floods. We chose this location deliberately. As the firm grows, we will make community commitments in Prague first and publish them only after they are active.
Frequently asked questions
Will Passion Asset Advisory handle undocumented exotic leathers?
No. Crocodile, alligator, lizard, and other exotic materials trade under CITES controls. We do not accept an item without the required documentation for a buyer-side acquisition, seller-side consignment, or advisory valuation. If the issuing authority can lawfully reconstruct the documents, we can coordinate that process.
What anti-money-laundering practices does the office apply?
We identify the client at engagement, screen counterparties against sanctions lists, and ask source-of-funds questions that match the transaction risk. Payments must use traceable banking or escrow, never cash. We decline a mandate if ordinary compliance questions cannot be answered. Discretion protects privacy, not opacity.
What does corporate responsibility mean for a private brokerage?
It means applying clear operating policies to every mandate. We refuse art with unresolved provenance, decline exotic-leather items without CITES documentation, screen counterparties against sanctions lists, and ask source-of-funds questions even when this costs us a mandate. We also help extend the useful life of rare assets through a reliable pre-owned market.
Where is the office based?
In Main Point Karlín (Karlín's award-winning business center) at Pobřežní 620/3, Prague 8, ten minutes from Prague's old town. Meetings are by appointment, in Prague or wherever the asset and the client are; mandates are executed worldwide under the same confidentiality discipline.
Responsibility
The mandates we decline are part of the service.
If your asset and your questions can stand ordinary scrutiny, the office is at your disposal. Almost all legitimate mandates can meet this standard.