Remove Coverage Remove Fine Art Remove Provenance
article thumbnail

Why do you need to have extra insurance coverage for fine art & jewelry?

International Society of Appraisers

” 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 fine art, jewelry, or luxury items. Their expertise ensures that the valuation is accurate.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Art vs. The Elements

Art Peritus

Maintain detailed records, including: High-resolution images of each piece Provenance and purchase records Condition reports and conservation history Store these documents digitally and keep backup copies in a secure offsite location or cloud storage.

article thumbnail

How To Determine If You Need An Art Appraisal

Art Appraisal Resources

Appraisals can also assist in establishing provenance, which can significantly impact the value of the artwork. Many insurance companies require a professional art appraisal to determine the appropriate coverage and premiums. You do not need a formal written appraisal to sell most fine art.

article thumbnail

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.

article thumbnail

Office Hours Information from March 2025

International Society of Appraisers

high end, branded, celebrity provenance) is going to sell at a high-end international auction house like Christie’s. A collection of unbranded jewelry that has no celebrity provenance may sell at a local or regional auction house. Chapter 11 in the Core Course Manual discusses insurance coverage and claims.