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Tag Archives: art
No one wants to consider the unthinkable – like theft, damage or loss – happening to a prized possession, but the reality is that these things happen. Whether you own fine art, jewelry, antiques or even classic cars, having a current appraisal is an important component of collection care.
An appraisal is an opinion or statement of value. It provides the necessary documentation to substantiate the existence, condition and value of your collection. An appraisal can serve to inform a sale or a donation of a collectible item or help settle an estate. It will also help ensure that a valuable item is insured to its current replacement value, thereby providing protection against market fluctuations and value loss. Continue reading
January is here and so are New Year’s Resolutions! Whether or not you have set any new goals, this is a great time of year to review your collection management practices. To help you get started, here are five tips, as well as some resources to help you put your plans into action. Continue reading
The holiday season is a time filled with family, friends and gift-giving. But many popular gifts can inadvertently introduce new risk to you and your recipient’s homes and wallets. To avoid being the holiday gift giving Grinch, here are a few things to keep in mind when purchasing gifts for friends and family. Continue reading
Art is now more frequently being displayed and enjoyed both inside and outside of the home. If you invest in outdoor sculpture, developing a solid plan for protecting art that is constantly exposed to the elements should be a priority.
However, it can be challenging to find an ideal balance between the sculpture and outdoor conditions. Key items to consider include construction, materials of the object, location and maintenance of the space itself, professional installation, conservation and maintenance.
Spring is a busy season for the art fair scene. If you’re among the collectors making plans to consign art to a gallery exhibiting at a fair, you’re in good company. The global art market rose to $45 billion in … Continue reading
With $27 billion worth of art sold during 2015 in the U.S., it’s clear many Americans are increasingly turning to fine art for both personal and financial benefit. But regardless of whether collectors are making an investment or passion-based purchase, there are a number of risks to consider. Continue reading
Regardless of the reason—or combination of reasons—for opening a private museum, many overlook related property and casualty insurance risks. Unfortunately, if not addressed, these exposures could negate some of the associated financial benefits and lead to significant out-of-pocket costs.
If you’re thinking about opening your own private museum, here are three things to consider when getting started:
Before buying that next Picasso, plan ahead to ensure that it will be properly packed, shipped, and insured. As the attention of the art world moves from the New York-based auctions in November to Art Basel Miami Beach in December, … Continue reading
Part 2 in a series on attending art fairs. (View Part 1) Art fairs can be a great way for new collectors to learn more about art in a relaxed and fun environment. Once you’ve decided which art fair to … Continue reading