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Protective Measures For fine paintings, prints, and photographs, museum-grade framing is essential. Collectors should consider separate art insurance coverage instead of relying solely on traditional homeowners insurance. Ensure sculptures are anchored securely to their bases to withstand high winds or seismic activity.
This usually ends with a printed document that describes the piece and assigns a price or range of prices that represent the expert’s best value estimate. Retail Replacement Value for Insurance Coverage People will often get a Retail Replacement Value appraisal for insurance prices. Sold for $2,500 via Doyle New York (February 2020).
If it is a fine print by a well-known artist, it is likely that you may find another impression of the same print that has been auctioned previously. This is the only database of the four that includes limited edition (reproductive) prints in addition to fine prints.
The Fine Art Insurance policy offers coverage starting at $75,000, with careful consideration given to the potential maximum value of artwork. Furthermore, the transit coverage is deliberately set lower to discourage conservators from transporting art themselves.
A COA is a piece of paper provided by the print publisher or gallery to the buyers of each print. Not Engaging an Independent Guide/Consultant/ Appraiser Soon Enough I was recently called to a new client’s home to do the onsite inspection for an insurance appraisal.
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