In the niche world of art storage, where important works demand meticulous care, a term often crops up that leaves many scratching their heads: waiver of subrogation. For the uninitiated, it sounds like legal jargon best left to attorneys, but its role in the art...
Documentation and Inventory: Document and photograph every valuable and important item in the collection. Store physical and digital documentation in secure off-site locations or cloud storage. Include detailed information such as descriptions, provenance,...
In a world where natural disasters are on the rise, protecting your high-value art collection is more crucial than ever. According to the Wall Street Journal, 45% of homes are at risk due to climate-related incidents, making it imperative for collectors to have...
Understanding Wine as an Insurable Asset Class: Insights from Neil Kaplan on Proper Wine Storage and Appraisals Summary: As an insurable asset class and a consumer item, wine provides unique challenges for the collector and appraiser alike. Careful storage, great...
Synopsis: The dynamic landscape of the insurance industry in 2024 presents a myriad of challenges and opportunities, particularly within the niche domain of fine art insurance. This article explores the key trends shaping the sector, shedding light on the factors...
This article is intended to help a family member, executor, or estate lawyer in the process of handling a large art collection as part of an estate settlement. Organizing the lifelong financial affairs of a loved one, friend, or client is complicated and often...
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