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Ron Perelman's $410m insurance trial is testing the limits of art valuation

The Art Newspaper

The insurers dispute the damage, as well as Perelman’s claim that he never attempted to sell the works afterward. It’s a challenge that is familiar from authenticity and attribution cases. According to court filings, he had reportedly used the works (and many others since sold) as collateral for loans.

Insurance 206
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The Importance of Contemporary Art Appraisals

Art Appraisal Resources

An appraisal performed by a certified art appraiser helps the purchaser gauge the artwork's fair market value and authenticity before finalizing the acquisition. Insurance Coverage Artwork, especially valuable contemporary pieces, can be a significant asset that requires proper insurance coverage.