Fine Art Insurance Policy Sale 
Art Appraisal Resources
JULY 13, 2023
Artwork Ownership and Acquisition: If you have recently acquired or inherited a piece of art, it can be beneficial to determine its value through an appraisal. Understanding the artwork's potential worth allows you to make informed decisions regarding its conservation, insurance, sale, or donation.
Artifactual History Appraisal
SEPTEMBER 17, 2019
An appraised value for insurance may be significantly higher than an appraised value for planned future sale, which can be baffling and difficult to comprehend without a familiarity with the different levels of the market. Sales tax is not included in the calculation of fair market value, although Bidder A may have had to pay it!
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International Society of Appraisers
MARCH 14, 2025
You need to analyze comparable sales data in the most common market where transactions to the public most frequently occur. the market in which sales to the public most frequently occur). Consider the purchase prices and comparable sales first. The insured ends up with a comparable, used property and not a new property.
ValuePros Appraisal Services
MARCH 23, 2018
By Ray Nugent Fine Art Insurers require more frequent valuation updates for Fine Art items than other less dynamic markets. With Fine Art 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
SEPTEMBER 3, 2024
Today, major insurers are well-versed in protecting collections, some offering policies specific to the type of items collected. Most standard policies will not provide this degree of specific coverage. Many fine art policies will even cover market fluctuations, protecting collectors up to 150% of the scheduled value.
Penrose Appraisals
JUNE 25, 2024
Whether you need a quick valuation for possible re-sale of your items, or you are looking for a more in-depth assessment for insurance or estate planning purposes, discovering a professional nearby is crucial. Typically, this involves analysis of comparable sales in the appropriate market. Market value determination.
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