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Your Values May Be Outdated
Most collectors don’t realize their values are outdated until they need them.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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Does My Art Need to Be Appraised To Be Insured?
Can’t I Just Use the Purchase Price? Purchase price feels like a logical starting point – after all, you have the receipt. But it’s rarely the right number for insurance purposes, and relying on it can leave you significantly underinsured. Markets change. Artists appreciate. Condition shifts. A work purchased for $8,000 a decade ago may…
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Risks of the ‘Set It And Forget It’ Collection
One of the biggest risks we see with established art collections is the “set it and forget it” mindset. Unlike many other assets, collections are often held for long periods without reassessment – but markets shift, values evolve, and documentation can become outdated. A collection that was carefully built over time deserves the same level…
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How Often Should I Update My Art Appraisals For Insurance Purposes?
Here’s a question every collector should ask themselves – when was your last appraisal done? The art market moves constantly. At artist’s market can shift dramatically in just a few years – upward or downward – and an appraisal that was accurate in 2019 may look nothing like today’s reality. Outdated appraisals are one of…