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The FAE Design Blog table of Contents has been divided into the following categories: Most Recent Post Safe Handling of Artwork Artwork Installation Framing Artwork Fine Prints How to get the most out of the FAE Website __ 1. Sign up with FAE to receive our newsletter, and never miss a new blog post or update!
The Importance of Jewelry Insurance: Why Qualified Jewelry Appraisals Matter November 5, 2024 Home When you invest in fine jewelry, you're not just purchasing an accessory; you're acquiring a piece of art, history, or sentiment that often carries significant financial and emotional value.
VHG would like to thank FineArtEstates.com for sharing the informational posts FAE created for their Design Blog. Fine Art Insurance 101 Practical Tips for Safely Transporting Artwork Temporarily Storing Artwork: A Case Study Four Artwork Storage Solutions 3. We hope you find them useful.
Whether you’re looking to sell, insure, or simply understand the worth of your collectible, an accurate appraisal is essential. Related Blog: Selling Gold and Silver: 4 Rules for Dealing with Antique Buyers 2. This documentation is essential for insurance purposes, estate planning, or resale value.
Most Fine Art Insurance professionals will agree that the best way to ensure that an insured loss is settled quickly and fairly is by properly documenting your art collection. If you carry a blanket policy and have a covered loss, it is likely that your insurance agent will have no information about the work in question beforehand.
Why Get a Diamond Appraisal for Your Engagement Ring In this blog, we answer five key questions about diamond appraisals: What is a diamond appraisal? A diamond appraisal is an evaluation of a diamond or piece of diamond jewelry, usually for insurance or estate purposes. How does a diamond appraisal protect your engagement ring?
The appraisal report is a crucial document used for various purposes, such as insurance, taxation, sale, or donation, and is often required to be conducted by a certified appraiser to ensure its credibility. Insurance, Damage and Loss Appraisals Insurance appraisals establish the value of artwork for insurance purposes.
Conversely, an accurate jewelry appraisal value is necessary for the right insurance coverage. In this blog, you will understand the elements differentiating jewelry appraisal value from the selling price of jewelry. This allows the insurer to estimate how much you would receive if something happened to your ring.
Be sure to explore our featured blog celebrating the allure of vintage collecting—an homage to timeless elegance and the iconic styles. NEW FROM THE BLOG The Rise of Vintage Luxury Once a niche interest, vintage couture clothing and accessories are now taking center stage.
Some of the most common questions advisors hear from clients about their fine art and collectibles are, “Does my homeowner’s insurance provide coverage for my artwork? A typical homeowner’s insurance policy affords you a little bit of coverage. Do I need a special rider?” And when we say a little, we mean extraordinarily little.
By Ray Nugent Fine Art Insurers require more frequent valuation updates for Fine Art items than other less dynamic markets. Insurers are keenly aware of this phenomenon and therefore, require regular valuations updates, typically, every 2-3 years. While rates vary by insurer, on average you’ll spend 50 cents per $100 of coverage.
It’s crucial to have an accurate understanding of their replacement cost, especially when it comes to insurance purposes. In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes.
For instance, there are several types of appraisals, depending on what your needs are—are you looking for something to use for insurance or for an estate? Detailed appraisal report (“Platinum package”): This option gives you the information you’ll need for insurance purposes. Catalog/inventory report 2. What doesn’t need an appraisal?
One question you should ask yourself is “am I properly insured if something catastrophic happens?” ” Insurance companies often require an appraisal before providing coverage for fine art and jewelry. It’s also a good time to take inventory while you do your spring cleaning.
This blog is written for selfish reasons. I want to discuss pricing and selection of appraisals. I am in Delaware. My pricing is normally $80 for the first piece appraised, $60 for the second and $40 for every one after that.
As an avid collector and wearer of vintage couture, I’ve personally experienced firsthand the magnetism of these timeless treasures—and as an appraiser, I’ve seen how important it is to accurately understand their value for estate tax, insurance coverage, and equitable distribution.
If the rings were insured initially for the sale price of $10,000, they may feel slightly better. The insurance company is not to blame at all, as the value of record is $10,000 which is all they are obligated to provide. Work should be done on the prongs, shank(s) and insurance in order to avoid the circumstance listed above.
In this blog post, we explore the crucial role of insurance appraisals in safeguarding your art collection, providing insights into why this process is indispensable for every art enthusiast and collector. Regular insurance appraisals guarantee that your coverage accurately reflects the current market value of your artworks.
According to the insurance firm Marsh McLennan , luxury assets have grown in value by 123% over the past decade, establishing themselves as a meaningful asset class. However, the qualities that make passion assets so precious to collectors also expose them to unique risksrisks often not covered by standard homeowners insurance policies.
A piece appraised for insurance replacement has a very different value than one being appraised for resale or estate division. We tailor the appraisal to suit the intended usewhether its for insurance, estate settlement, resale, charitable donation, litigation, or collateral loans.
With this accomplishment, Trang Pham continues to provide trusted and authoritative appraisal services to a diverse clientele, including private collectors, insurance companies, fiduciaries, estate attorneys, legal experts, high-profile clients, and the Department of Justice.
Make sure they’re protected against damage and theft with insurance. And to insure them with confidence, first get an updated appraisal. Proverbs says, “Her price is far above rubies” but your ruby jewelry is very valuable—and so are all your fine gold and silver pieces, heirlooms, and other treasures.
Create a disaster response checklist that includes: A list of priority artworks Instructions for emergency packing and transport Contact information for art conservators, insurers, and professional art handlers Safe evacuation routes and storage locations 2. Email, call or click HERE to see how we can assist. ###
You can prepare an insurance appraisal for a client, friend, or neighbor (note: appraisals for family members or your own collection do not count). You might also offer clients insurance appraisals for newly acquired items. dinner or wine). Note: pricing does not count). Research time counts.
Include a brief artist biography, detailed descriptions of each piece, and a blog to share insights about your art-making process. Factor in shipping costs and ensure proper insurance for transporting your art. These images should accurately depict the colors, textures, and details of your work.
Although it might not fit the taste of the person who owns the painting, it would be a costly mistake to re-frame the artwork and to not keep the original as it would actually devalue the artwork. ** To see all available FAE Design Blog Posts, jump to the Design Blog Table of Contents.
I have posted a related article on how and where to temporarily store two dimensional artworks in your home while a home renovation project is underway. ** To see all available FAE Design Blog Posts, jump to the Design Blog Table of Contents. To see all available FAE Collector Blog Posts, jump to the Collector Blog Table of Contents.
Make it easy to wear your treasures with the peace of mind that an appraisal and insurance can give you. If you don’t have up-to-date appraisals for your heirlooms, silver, gemstones, watches, or other valuable pieces, this is the time to take action—just contact me at (617) 304-0174 or at aimee@ambappraisal.com.
If you have any other questions regarding the hanging, framing artwork, or anything else related to the art world, send an inquiry to info@fineartestates.com. ** To see all available FAE Design Blog Posts, jump to the Design Blog Table of Contents. Sign up with FAE to receive our newsletter, and never miss a new blog post or update!
He also walked me through the insurance and appraisal process. appeared first on NYC Wholesale Diamonds Blog. I mentioned a deadline as to when I would prefer the ring to be ready, and Keith delivered exactly on time. Amazing experience all around and would definitely recommend NYCWD to anyone! The post CONGRATS GRACE and MICHAEL!
Art Peritus recently sat down with Katja Zigerlig, Vice President, Art, Wine and Collectibles Advisory at Berkley One, a Berkley Company (WRB) to discuss the nuances of collecting and insuring Fine Art. It’s one of the most important documents a collector can have, along with purchase invoices, and an insurance policy of course.
In the meantime, happy stacking. ** To see all available FAE Design Blog Posts, jump to the Design Blog Table of Contents. To see all available FAE Collector Blog Posts, jump to the Collector Blog Table of Contents. Sign up with FAE to receive our newsletter, and never miss a new blog post or update!
In this blog, we explore the world of luxury wines, unveiling the top 5 most expensively appraised wines that have become symbols of prestige and exclusivity in the world of oenophiles. It is a 3-hour webinar that will help you and your client make informed decisions about buying, selling, and insuring treasured wines.
The piece will never be sold or insured so the owner merely needs a confirmation about its identity-not a long and expensive piece of paper. Unfortunately, many clients schedule an appraisal for just this purpose. They think that they require a long and involved document, detailing everything about it. They don’t.
Independent appraisers usually have no special store that they “must” buy from. This can insure that you the purchaser can find and take advantage of the very best “deal” around. Without fear. I’m not advocating skipping the buying process from store personnel; many give wonderful service.
Don’t forget to insure your moonstone jewels, along with all of your precious pieces, including heirloom jewelry, clocks/watches, silver, and gold. This shows off its play of colors. This is a perfect companion to June’s long evenings and brilliant moons. You can get lost with its shimmering hints of color that float across its surface.
In this blog post, we will explore the distinctions between these two appraisal methods, helping you understand when and why each one is used. This type of appraisal is commonly used when insuring personal property, as it provides a realistic estimate of the funds needed to replace the item in case of loss, damage, or theft.
In this blog post, we will explore some essential strategies for investing in art over time. This can involve attending art fairs, following art blogs and publications, and networking with other collectors. Investing in additional costs such as framing, shipping, and insurance is also important.
Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy. As a personal property appraiser, my role encompasses tangible property including fine art, antiques, furniture, and collectibles.
If you do have heirloom or expensive wristwatches, don’t forget to insure them against loss or theft—time’s flying by. Remove the straps from the watch and rinse them under warm water with mild dishwashing soap. Rinse well and let them air out overnight—they’ll smell all nice and fresh for your next workout.
And speaking of heirlooms, make sure they’re protected by insurance and an up-to-date professional appraisal. No matter how bold you want to go, this is a good time to go through your jewelry drawer and bring out some pieces that you haven’t worn for a few years—especially heirloom jewelry. Wishing you a happy fall!
You will be spending a lot of time and money with your conservator if you let that happen. ** To see all available FAE Design Blog Posts, jump to the Design Blog Table of Contents. To see all available FAE Collector Blog Posts, jump to the Collector Blog Table of Contents. appeared first on FAE Design Blog.
In this blog, well dive deeper into what makes “GIA diamonds” stand out, answer what makes a diamond a GIA diamond, and explain why choosing a GIA-graded diamond offers peace of mind when making this important purchase. In this blog, we answer the following questions: What is a GIA Diamond?
It’s the best way to make sure you can insure your valuables. Celebrate August with your hot birthstones—peridot and spinel. And don’t forget to protect all your precious jewelry, heirlooms, silver, and gold with a professional appraisal. Set up an appointment with me at (617) 304-0174 or at aimee@ambappraisal.com.
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