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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. When Might You Need a Contemporary Art Appraisal?
Since Homeowners and Renters policies typically have dollar limits, specialized policies for coverage of art, antiques, or luxury goods (like that new Birkin bag!) Most standard policies will not provide this degree of specific coverage. Do you need to reevaluate your type of coverage to determine if it’s sufficient?
A provider evaluates the risk, provides a quote, issues coverage, and, in the event of a covered loss, pays the coverage set forth in the policy. Of the two, the “All-Risk” policy usually provides broader coverage for a homeowner. In the event of any covered loss, a deductible will be applied.
Askart.com If you are researching a painting, drawing, or sculpture (they do not have fine prints) Askart is a good place to look. Artnet.com As I recall, Artnet.com’s database of fine art auction sales was one of the first on the market to cover not only paintings, drawings, and sculpture, but also fine prints and multiples.
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