Art Peritus
JANUARY 31, 2025
However, the qualities that make passion assets so precious to collectors also expose them to unique risksrisks often not covered by standard homeowners insurance policies. Several nuanced factors determine the value of passion assets, including rarity, quality, condition, and provenance.
Art Appraisal Resources
JULY 13, 2023
Understanding the artwork's potential worth allows you to make informed decisions regarding its conservation, insurance, sale, or donation. Appraisals can also assist in establishing provenance, which can significantly impact the value of the artwork.
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Artifactual History Appraisal
SEPTEMBER 17, 2019
It can sometimes be present in insurance policies, although in my experience it is much less frequently encountered. The best way to determine what level of value you have in your own insurance policy is to pull out and read your policy documents or call up your insurance agent to confirm.
Penrose Appraisals
DECEMBER 27, 2022
A standard insurance policy written to provide replacement value for losses would perhaps go into the market to find out what the dress costs to buy new. Also, standard homeowners insurance policies may have maximum amount of coverage for certain categories. And some policies simply exclude art and collectibles outright.
International Society of Appraisers
APRIL 19, 2024
One question you should ask yourself is “am I properly insured if something catastrophic happens?” They consider factors such as an artist's reputation, rarity of the piece, quality of materials, provenance (history of ownership), and market trends. Their expertise ensures that the valuation is accurate.
International Society of Appraisers
MARCH 14, 2025
high end, branded, celebrity provenance) is going to sell at a high-end international auction house like Christie’s. A collection of unbranded jewelry that has no celebrity provenance may sell at a local or regional auction house. Descriptions/Identification (authentic, age, provenance, dimensions, etc.)
McAllister Fossum Appraisal Services
SEPTEMBER 19, 2019
Understand Your Homeowner’s Insurance Policy The biggest problem I see after a devastating loss is underinsurance, meaning that homeowners suffer a loss yet fail to recover tens of thousands of dollars just at the time when they have lost everything they hold dear. Keep a copy of the insurance policy handy too.
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