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According to the insurance firm Marsh McLennan , luxury assets have grown in value by 123% over the past decade, establishing themselves as a meaningful asset class. Like conventional assets such as real estate, stocks, and bonds, passion assets can also serve as collateral for loans, provided their value exceeds the debt plus interest.
A piece appraised for insurance replacement has a very different value than one being appraised for resale or estate division. We tailor the appraisal to suit the intended usewhether its for insurance, estate settlement, resale, charitable donation, litigation, or collateral loans.
As you might imagine, this small percentage of the population makes up a considerable proportion of our clientele at Signet Art ; we work with individuals, museums, attorneys, shipping companies, insurance carriers and adjusters. From that lofty position, she helps HNWIs look at the safety of their collections and insurance needs.
Instead, stolen paintings are often used as collateral for drug deals or used to raise fraudulent loans from banks. FINE ART APPRAISERS Our staff of experts certify the value of hundreds of pieces of fine art every month. The post Lost Fine Art: The White Duck by Jean-Baptiste Oudry appeared first on ValuePros Appraisal Services.
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