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Your Values May Be Outdated
Most collectors don’t realize their values are outdated until they need them. A work that was appraised fifteen, ten, or even five years ago may no longer reflect the current market. Auction results, private sale activity, artist demand, condition changes, attribution updates, and broader collecting trends can all affect value over time. This matters most…
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Do I Need a Separate Appraisal If My Homeowner’s Insurance Covers My Art?
Most homeowner’s policies place a sublimit on fine art – often as low as $2,500 per item – far below current market value. A USPAP-compliant appraisal documents replacement value at today’s prices, not what you paid years ago. Without it, a loss settlement can leave a significant gap. For most collections, artwork, antiques, and valuables,…