Remove Collateral Remove Coverage Remove Provenance
article thumbnail

The Importance of Contemporary Art Appraisals

Art Appraisal Resources

The appraisal often serves as an important document which details important aspects of the items condition, medium and provenance, as well as exhibition history if known. Insurance Coverage Artwork, especially valuable contemporary pieces, can be a significant asset that requires proper insurance coverage.

article thumbnail

Passion Assets: A True Love of Collecting

Art Peritus

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. For example, appraisals for Fair Market Value or Marketable Cash Value guide lenders in structuring asset-backed collateral loans.