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Create a disaster response checklist that includes: A list of priority artworks Instructions for emergency packing and transport Contact information for art conservators, insurers, and professional art handlers Safe evacuation routes and storage locations 2. Email, call or click HERE to see how we can assist. ###
For insurance replacement purposes, appraisers should consider where the client typically shops, which, in most cases, falls under the retail market. The insured needs to be made whole by replacing the 1925 Cartier ring with a comparable ring of similar qualities. Note that the definition of replacement cost comparable mentions age.
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 Fine Art. I’ve seen martini glasses placed on a Donald Judd sculpture by unaware party guests. These types of valuations are not accepted.
The intent of the activists involved (according to their messaging) was not to damage the painting that was protected behind glass, but instead to call attention to their climate-centered mission and encourage society to question what we value on the whole. The incident was originally reported via Artnet. Both sides feel the stakes are high.
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 fine art collectors’ policy.
Your insurance agent has suggested that you need your art or jewelry appraised in order to put them under rider coverage. Fine Art appraisers normally handle all paintings, prints, photographs, drawings, sculpture, tapestries and art glass. There are many reasons you might need an appraisal of personal property.
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