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Sculptures and mixed-media pieces should be placed on stable surfaces. For outdoor sculptures, additional measures are necessary. For outdoor sculptures, additional measures are necessary. Ensure sculptures are anchored securely to their bases to withstand high winds or seismic activity.
Katja consults with collectors as well as insurance and financial advisors on the physical and financial protection of their passion investments. I’ve seen martini glasses placed on a Donald Judd sculpture by unaware party guests. A sculpture shouldn’t be cleaned with all-purpose cleaning spray, for example. K: Yes indeed.
Early on in our conversation, Adrienne answered the “When” question by saying “If you can walk around your house and you determine that you have more than 5 artworks that exceed $10,000 each in value, you should consult an agent or firm that specializes in fine art insurance.” Valuation is current market value. Louis, Missouri.
Valuation is based on replacement cost at the time of purchase, not current market value if bought now or its sentimental worth. Professionals are advised to consult with an accountant to understand the specific tax implications and requirements for their unique business situation.
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