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” Specifically, many people may not realize that traditional homeowners insurance policies typically have coverage limits that may not be sufficient to adequately protect high-valued property such as fineart, jewelry, or luxury items. Their expertise ensures that the valuation is accurate.
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 FineArt Prints might seek an appraisal to ensure they make an informed investment.
Many insurance companies require a professional art appraisal to determine the appropriate coverage and premiums. Some insurance companies include a blanket amount for artwork, and some require an independent appraisal (not done by the gallery or artist that sold you the art) for all items over $1200, $2500, or $5000.
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. KZ: I’m a fan of Hilma af Klint, a Swedish artist who had a popular retrospective at the Guggenheim Museum in 2019.
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. The appraiser will conduct a thorough investigation into the history of the antique, its origins, and similar items.
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.
Three Insurance Experts Explain the Intricacies of Insuring Your Art Collection 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.
If you’re seeking insurance coverage, the valuation may focus on replacement value. Do you know the artist/maker, title, date of creation, size, and medium of the piece? Understanding why you need the appraisal helps me tailor my approach to meet your specific needs.
Authentication involves verifying the legitimacy of an artwork, a distinct process often undertaken by experts in the artist’s oeuvre. Myth 2: Appraisals Are Only for High-Value Artworks Contrary to popular belief, art appraisals are not reserved exclusively for high-value masterpieces.
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.
Your insurance agent has suggested that you need your art or jewelry appraised in order to put them under rider coverage. FineArt appraisers normally handle all paintings, prints, photographs, drawings, sculpture, tapestries and art glass. Not all signed works lead to a known artist.
We were proud to welcome Distinguished FineArt & Collectibles to the team in 2023 to expand property and liability services for members. I work with museums to find the best insurance coverage at reasonable prices. If you could meet any artist alive or dead, who would it be and why?
Throughout history, millions of paintings have been created by some of the world’s most talented artists, yet only a fraction of them maintain long-lasting fame. This phenomenon sparks one of the art world’s most pressing questions: what does it take for a painting to capture the attention of worldwide audiences?
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.
The owner did some online research and discovered that the painting was indeed by Newell Convers Wyeth (1882-1945), one of the foremost artists who worked in the Brandywine region of Pennsylvania, and the father of Andrew Wyeth. What this piece represents is the people’s artist,” Ryan Nelson says. Senora Gonzaga Moreno and Ramona.
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The seminar opened with Casey Wigglesworth , Vice President of FineArt Insurance with Huntington T Block, who presented insights into fineart insurance for conservators. The FineArt Insurance policy offers coverage starting at $75,000, with careful consideration given to the potential maximum value of artwork.
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