This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
While this quote often captures the inexplicable nature of human desire, it also resonates with the motivations behind collecting. Whether its choosing a potential mate or pursuing a coveted object, the pull of desire remains the same when it comes to collecting. This makes it critical to secure proper coverage.
Photo courtesy of Architectural Digest Protecting Your ArtCollection from Extreme Weather Events Artcollections, whether personal or institutional, represent cultural, historical, and financial investments that require careful protection. Pumpkin by Yayoi Kusama moments before being swept into the sea.
I’ve included a short excerpt below and the entire article can be read online here ( [link] ) “Many people are familiar with the concept of insurance coverage in the context of car insurance or travel insurance, but knowledge about insurance coverage of personal property such as fineart or antiques is much less widespread.
FINEART APPRAISERS Our staff of experts certify the value of hundreds of pieces of fineart every month. The post Lost FineArt: ‘Medicine’ by Gustav Klimt appeared first on ValuePros Appraisal Services. As far as we know, all that remains now are preparatory sketches and a few photographs.
Often the misconception is that only blue-chip collections worth millions of dollars require this kind of specialized protection. However, in truth there is no “minimum value” to mandate insuring one’s treasured valuables and virtually ALL collections can benefit substantially from being insured. What does it exclude ?
As a personal property appraiser, my role encompasses tangible property including fineart, antiques, furniture, and collectibles. Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy.
Some of the most common questions advisors hear from clients about their fineart and collectibles are, “Does my homeowner’s insurance provide coverage for my artwork? A typical homeowner’s insurance policy affords you a little bit of coverage. Do I need a special rider?”
If you understand these commonalities, you can ask the right questions to ensure that your coverage is adequate. Most homeowner’s policies have a total coverage limit for household contents that is based upon a percentage of your home’s value. At this point, you know you have at least $7,000 worth of fineart.
By Ray Nugent FineArt Insurers require more frequent valuation updates for FineArt items than other less dynamic markets. With FineArt the event is a secondary market auction hammer price. We have all seen the sensational headlines of “a new record auction price” for work of art.
Art Peritus recently sat down with Katja Zigerlig, Vice President, Art, Wine and Collectibles Advisory at Berkley One, a Berkley Company (WRB) to discuss the nuances of collecting and insuring FineArt. BLM: Have you made any personal art-related resolutions this year? K: Yes indeed.
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. Bryan is a life-long collector of books, Texana and western art.
In this blog post, we explore the crucial role of insurance appraisals in safeguarding your artcollection, providing insights into why this process is indispensable for every art enthusiast and collector. Accurate Valuation for Adequate Coverage: The art market is dynamic, with values fluctuating over time.
A collection of unbranded jewelry that has no celebrity provenance may sell at a local or regional auction house. Replacement cost comparable is generally used for antiques, collectibles, fineart, period jewelry, among other types of property. Chapter 11 in the Core Course Manual discusses insurance coverage and claims.
Collecting trends and changes in taste have had a major impact on everything from antique furniture to folk art. For example, in the last fifteen years, some antique Victorian furniture has experienced a reduction in both value and desirability. Market fluctuations and rarity can have a big impact on antiques and collectibles.
A well-trained art appraiser is able to identify and document damage, or confirm that the artwork is not damaged. Furthermore, a fineart appraiser will document details, such as a blindmark, that may be overlooked by a general appraiser. Similar to investment markets, the market value of artwork fluctuates over time.
A professional appraiser is one who has received training and area certified in the accurate assessment of value, authenticity, condition, and other important aspects of antiques, fineart, and other personal property. But if you have a specialized collection, seeking out an appraiser who has specialized in that area can be a help.
Three Insurance Experts Explain the Intricacies of Insuring Your ArtCollection I am often asked by clients if they should cover their art under their homeowner’s insurance (HO) or if they should investigate insuring their art with a separate fineart collectors’ policy.
I have always believed that it is not only the exhibition of works of art that makes our lives richer but also the opportunity to hear from the artists, experts and scholars who have dedicated their lives to understanding and appreciating fineart.
I was hired to protect the organization against loss, including both employees and the FineArt. There were steps that we took to protect art such as having visitors check baggage, adding protective glazing to pictures, and reviewing alarms and security. I think the latter, although there is always room for improvement.
As an art appraiser, I understand that navigating the appraisal process can feel overwhelming, especially if you’re new to it. Whether you’re assessing a single piece or an entire collection, I’m here to guide you through the process and ensure it’s as smooth and informative as possible.
That product’s year was the first year of Panini Prizm Basketball production, and the case offered the extremely rare opportunity to acquire an undisturbed collection of boxes and access to the most desirable rookie cards issued then. Hoops collectors are among the largest big-game chasers in memorabilia.
Myth 2: Appraisals Are Only for High-Value Artworks Contrary to popular belief, art appraisals are not reserved exclusively for high-value masterpieces. Appraisals are essential for artworks of all values, including family heirlooms, sentimental pieces, and collections of varying worth.
If your insurance provider has asked you to get your artwork professionally appraised, or you need it evaluated for some other reason, How Do I Get My Art Appraised will help you find a qualified appraiser, fully understand all aspects of the appraisal process, and prepare you for what a professional fineart appraisal is likely to cost.
His painting “The White Duck” was part of the Walpole collection, which was exhibited at the country house Houghton Hall. FINEART APPRAISERS Our staff of experts certify the value of hundreds of pieces of fineart every month. Its value is estimated at over eight million dollars.
FINEART APPRAISERS Our staff of experts certify the value of hundreds of pieces of fineart every month. The post Missing FineArt: Portrait of Dr. Gachet by Vincent Van Gogh appeared first on ValuePros Appraisal Services.
Your insurance agent has suggested that you need your art or jewelry appraised in order to put them under rider coverage. Your client has a large collection of art and wishes to include the art in a trust for his heirs. Within residential contents appraisers and fineart appraisers, there are some overlaps.
Since 2019, AMM has been partnered with HUB International, one of the world’s leading risk management service providers, to provide member museums of all sizes access to individualized insurance programs for their buildings, collections, operations, and more. I work with museums to find the best insurance coverage at reasonable prices.
Ela | ASA, FineArts, MBA | President | Comprehensive Art Services, LLC Patrick Ela, ASA is the President of Comprehensive Art Services, LLC, and has 20 years of experience in valuing fineart. He public art consultant.
In the collection of the Musee du Louvre. After 28 months of speculation and media coverage, The Mona Lisa finally returned to the Louvre, where it remains the most visited painting in the museum and rests safely in a case made of bulletproof glass. In the collection of Mauritshuis. In the collection of the Neue Galerie.
Common Reasons to Get an Appraisal Insurance Coverage If you own valuable artwork, having an appraisal ensures you have the right insurance coverage in case of theft, damage, or loss. Many insurance companies require a professional valuation to determine an appropriate coverage amount.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content