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The Importance of Contemporary Art Appraisals

Art Appraisal Resources

When Might You Need a Contemporary Art Appraisal? Art Acquisitions Art collectors, museums, galleries, and private individuals interested in purchasing contemporary Paintings, Sculpture, Photography, or Fine Art Prints might seek an appraisal to ensure they make an informed investment.

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Art vs. The Elements

Art Peritus

If possible, relocate smaller sculptures indoors during storms or extreme weather conditions. Insurance: Homeowners vs. Fine Art Policy Even with the best precautions, disasters can still happen. Collectors should consider separate art insurance coverage instead of relying solely on traditional homeowners insurance.

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Passion Assets: A True Love of Collecting

Art Peritus

The term collectionor more specifically, art collectionoften evokes thoughts of fine art and antiques. This makes it critical to secure proper coverage. Several nuanced factors determine the value of passion assets, including rarity, quality, condition, and provenance.

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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

Appraisals are crucial in the art market, providing essential information about artworks' value, authenticity, and condition. Whether you are a seasoned collector, an art enthusiast, or someone looking to sell or insure a piece of art, understanding when to seek an art appraisal is essential.

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Office Hours Information from March 2025

International Society of Appraisers

There are different marketplaces depending on many factors, including: urgency to sell, quantity, condition of the property, and the quality of the items. Replacement cost comparable is generally used for antiques, collectibles, fine art, period jewelry, among other types of property. You end up with a new ring.

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Protecting Your Collection and Your Wallet: What You Could Lose If You Suffer a Loss Without an Appraisal

McAllister Fossum Appraisal Services

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 fine art.

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Insurance: Protecting Your Collection

Art Peritus

For example, one can purchase a policy to cover their fine art collection , or purchase a valuable items policy designed specifically for jewelry , or for wines , antiques , automobiles , luxury goods such as handbags and a litany of other categories. Most standard policies will not provide this degree of specific coverage.