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An elderly man, after a lifetime of collecting, realizes it may be time to downsize a bit. He has more in his collection than he can possibly give to his children, so he has to think of other options. Appraisals can help ensure adequate insurance coverage. But he isn't sure how to start.
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.
Be sure to explore our featured blog celebrating the allure of vintage collecting—an homage to timeless elegance and the iconic styles. Instagram Facebook LinkedIn Threads Share With a Friend Collection Brief is meant to be YOUR newsletter, we welcome all input and insight our audience may have. Interested in specific topics?
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 can prepare a restricted-use appraisal report for a client, friend, or neighbor to provide current market values for their collection. dinner or wine). Research time counts.
While this quote often captures the inexplicable nature of human desire, it also resonates with the motivations behind collecting. Whether its choosing a potential mate or pursuing a coveted object, the pull of desire remains the same when it comes to collecting. This makes it critical to secure proper coverage.
Photo courtesy of Architectural Digest Protecting Your Art Collection from Extreme Weather Events Art collections, whether personal or institutional, represent cultural, historical, and financial investments that require careful protection. Pumpkin by Yayoi Kusama moments before being swept into the sea.
A collection of unbranded jewelry that has no celebrity provenance may sell at a local or regional auction house. For insurance replacement purposes, appraisers should consider where the client typically shops, which, in most cases, falls under the retail market. For instance, Elizabeth Taylor’s jewelry (i.e.,
As maintenance and insurance costs mount, churches and local museums are increasingly forced to part with such treasures, making each unsold lot a poignant reminder of art’s tenuous hold on public life. Meanwhile, a major miss was N.C. at Lion and Unicorn.
Carcerano, who has been collecting antiques for over 35 years, paid $4.99 He produces content across a wide range of industries, including antiques, insurance, and real estate. 18th-century plate bought for $4.99 for the plateand it could be worth far more. To learn more about Dan, please visit his website. WorthPointDiscover.
He dates this back to the start of the war in Ukraine, which “played a big role in more art collectors deciding to move their collections to freeports, especially the Geneva Freeport. We had a few cases involving important private collections accumulated over multiple generations that lacked complete provenance documentation,” Gouin says.
After many years of sourcing and selling antiques and collectibles, I have learned a few things about what to avoid. Small business insurance helps. Most online marketplaces do not allow the sale of human body parts, whether a collection of old teeth or a creepy skull someone found in a retired dentist’s home. Huge items.
He produces content across a wide range of industries, including antiques, insurance, and real estate. Those wanting to view more antique perfume bottles can see nearly 68,000 items in the WorthPoint Price Guide. Dan Kobialka is a self-employed content writer and editor with about a decade of experience. WorthPointDiscover.
Auction house Beaussant Lefèvre and Associates recently sold a collection of rare gold coins for $3.48 During his lifetime, he built a collection containing more than 1,000 coins. Meanwhile, Narce’s coin collection was hidden in a wall, and no one knew it was there. At this time, it is unknown who purchased the collection.
He produces content across a wide range of industries, including antiques, insurance, and real estate. The WorthPoint Price Guide contains almost one hundred examples of Viking Age rings. Dan Kobialka is a self-employed content writer and editor with about a decade of experience. To learn more about Dan, please visit his website.
He produces content across a wide range of industries, including antiques, insurance, and real estate. Those who want to view Kennedy half dollars can see over 1.8 million examples in the WorthPoint database. Dan Kobialka is a self-employed content writer and editor with about a decade of experience. WorthPoint—Discover.
He produces content across a wide range of industries, including antiques, insurance, and real estate. .” The WorthPoint Price Guide lists only one piece of Frans Post art—this engraving sold for $225 at an online marketplace in 2017. Dan Kobialka is a self-employed content writer and editor with about a decade of experience.
L-R: Brett Gorvy, Philip Hoffman, Ed Dolman, Patti Wong, Alex Dolman Courtesy of Emilio Madrid Four of the art market’s leading figures have joined forces to establish a new consultancy firm to manage top-level clients and their collections through what they say are unprecedented shifts in the trade.
The transport costs—amounting to “a few thousand euros”, says Marinello —were covered by a donation from the insurance company Generali’s art branch. It will return to the museum’s permanent collection following the restoration. Carlo Cavalli, curator of the Civic Museum, described Marinello’s role as “decisive”.
curated by the Falcon Art Collective in a corporate, under-construction space in Midtown New York—present surveys of how artists are using the medium in Belgium and the US, respectively. Despite loving the medium, Butt mostly does not show it; he only has two painters on his conceptually-steeped roster.
He produces content across a wide range of industries, including antiques, insurance, and real estate. Those who want to view more Viking Age pendants can view several examples in the WorthPoint database. Dan Kobialka is a self-employed content writer and editor with about a decade of experience. WorthPoint—Discover.
So you’ve just inherited your grandmother’s vintage diamond ring, only to find out it’s not covered by your insurance policy because its value wasn’t properly appraised. In this guide, we’ll discuss what jewelry appraisers do, types of jewelry valuation clauses, and how jewelry appraisers help ensure you get fair insurance claims.
In this post we explore art appraisals' critical role in the context of insurance. Determining Insurance Coverage Art appraisals play a crucial role in establishing the appropriate insurance coverage for your valuable artworks by determining their accurate and up-to-date market 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. Available Cloud-Based Collections Programs: There are many cloud-based programs that will catalogue collection images and data.
Most of my collectibles, antiques, and artwork were destroyed, and the insurance claims process was a nightmare. Take a look at my pointers on how to ensure proper insurance coverage in case of disaster. The post CEO Perspective: Make Sure You Are Properly Insured appeared first on WorthPoint. WorthPoint—Discover.
Recently I wrote an article for Worthwhile Magazine™ titled “A Consumer’s Guide to Insurance Appraisal Reports: Do You Need One and How to Get One?” In my own appraisal firm, I answer many questions from potential clients who are unsure if they need an insurance appraisal report or what the process is to get one.
Desantis Should You Consider Insurance? Surprisingly, many collectors of “passion assets” don’t think to protect these valuables with insurance. Often the misconception is that only blue-chip collections worth millions of dollars require this kind of specialized protection. What happens when a piece is damaged while being moved?
Whether you’re looking to sell, insure, or simply understand the worth of your collectible, an accurate appraisal is essential. NAJA (National Association of Jewelry Appraisers) : A reputable platform for finding appraisers focused on jewelry and other high-value collectibles.
Make it easy to wear your treasures with the peace of mind that an appraisal and insurance can give you. Brilliantly yours, Aimee The post Tips for organizing your jewelry collection appeared first on A Matter of Brilliance.
For more than 40 years, Hagerty has offered specialty automotive insurance for antique and vintage vehicles, with successful forays into publishing and vehicle auctions.
The six McDonald’s collectible cups available with the restaurant chain’s new Collector’s Meal. During its history, it has also offered many unforgettable collectibles , several of which are celebrated with its new Collector’s Meal. WorthPoint—Discover.
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. Wine Collections Due to its organic nature, wine can deteriorate and turn sour.
Do you appraise single items or only large collections? Whether you’ve got a one or two pieces or a whole collection, it starts with a call or email. 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?
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.
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. Market fluctuations and rarity can have a big impact on antiques and collectibles.
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.
Using them through eBay is a “no go,” and collectinginsurance on an antique or collectible is also a “no go” (they advise you to use a homeowners policy for insurance). I have had theft and breakage issues with them, and they do not have a fantastic record of collecting on insurance.
Aside from proving ownership, the main reason is often for insurance purposes to secure investment. You want to make sure you’re updated on the current value of your collections. It’s important to inform your insurer whenever you obtain new appraisals. Collect relevant documentation about your valuables.
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.
Value matters, and when it is time to find a qualified art appraiser for your collection or an individual work of art, there are ways to help you find the right fit for your needs and types of art. Art appraisals are a crucial step in determining the value of your art, whether for insurance, donation, resale, or estate planning.
Whether you’re wanting to protect the value of an artwork or in the process of estate planning, an insurance appraisal can help you in both situations. Too often people look into insurance after some sort of damage has occurred, but the best time to have an appraisal is before an incident.
A client recently called us to update an insurance appraisal for original Andy Warhol prints. A previous appraisal from two years ago was available, however, the insurance company insisted on a new appraisal. You might wonder why insurance companies, such as Pure Insurance ( [link] ) or Huntington T.
At WorthPoint, the world’s largest online resource for researching, valuing, and preserving antiques, art, and collectibles, we have introduced another product for our subscribers. Users can share a link to their collections if they wish, but they have control over who sees their Vault.
Most Recent Post: Documenting Your Art Collection 2. Safe Handling of Artwork: Documenting Your Art Collection How Do I Get My Art Appraised? Fine Art Insurance 101 Practical Tips for Safely Transporting Artwork Temporarily Storing Artwork: A Case Study Four Artwork Storage Solutions 3.
Maybe you inherited a collection of bracelets from a relative, or you found a few second-hand watches and don’t have the history of what you’ve bought. How much should you insure them for? Ideally, your appraisal will result in a reliable price estimate for insurance, tax or resale value.
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