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Insuring and Valuation Updates in more Dynamic Markets

ValuePros Appraisal Services

By Ray Nugent Fine Art Insurers require more frequent valuation updates for Fine Art items than other less dynamic markets. The specific event can send ripples through the entire genre and certainly impact the value of other works by that specific artist, in this case positively. Coverage is relatively affordable.

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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

You should check with your insurance provider to see what is and is not covered by your homeowners or rental insurance policy. Each insurance carrier has a different policy and requirements, so it is always a good idea to check with them first. It is estimated that 50% of the art in the market is fake.

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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.

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What Kind of Appraisal?

Drishti LLC Appraisers

A restricted appraisal is a written appraisal that provides a valuation, but information is for the client only and cannot be shared with anyone else. Whether the appraisal report is for insurance, estate or donation purposes, every report should include good documentation and a detailed description of each item along with the valuation.

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Fine Art Insurance 101

Fine Art Estates

The following is a synopsis of my interview with Connie: The most common types of HO policies and how they generally relate to a fine art collector. Types of HO Policies: The two types of insurance policies available to a homeowner are “Named Peril” and “All-Risk.” Valuation is current market value.

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How to Find and Choose and Antiques Appraiser Near You

Penrose Appraisals

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. This article seeks to provide some simple steps you can follow to connect with reputable local appraisers. Examination.

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Art Peritus Art Industry Spotlight: Katja Zigerlig of Berkley One

Art Peritus

KZ: I’m a fan of Hilma af Klint, a Swedish artist who had a popular retrospective at the Guggenheim Museum in 2019. Appraisals are important not only to make certain you are appropriately insured, but it can also help you make smart decisions about charitable donations, gifts to family members or making the decision to sell the work.