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A Note from the Co-Editor: As an appraiser, I frequently invite new clients to send me pictures of their items so I can review them in advance and better assist with designing an appraisal scope of work that is most appropriate to their needs. Provenance Paint?
While it might be possible to scour the auction market for years searching for an offering similar to the lost item and then obtain that item at a much lower price, this is not the function of insurance coverage. The next level is Fair Market Value.
But there are other reasons as well, such as settlement of an estate, donating a piece or collection to an institution, equitable distribution in a divorce, or wanting to know an accurate market value before selling a work. An object can have different values, depending upon the function of the appraisal. Provenance information?
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