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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. Selvin adds, “However, if the case proceeds to litigation, and market conditions have shifted since the loss occurred, either the claimant or the insurer may request an updated appraisal to reflect current market values.”

Insurance 173
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Determining Replacement Value for Fine Art Prints

International Society of Appraisers

7/7/2025 12:00:00 AM When appraising fine art prints, especially those from the same edition, it is common to encounter a wide range of asking prices across different retail galleries. This variability can create confusion when determining which price to use for insurance appraisals.

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Certified Art Appraiser-San Diego, CA

JSK Fine Art Appraisals

When Do You Actually Need an Art Appraisal? Here’s when it’s worth bringing someone like me in: Insurance If your artwork is damaged, stolen, or lost in a fire, the insurance company needs to know what it was worth before something happened. Good question. That’s where a replacement value appraisal comes in.

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11 Different Ways to Achieve 700 USPAP-Compliant Appraisal Hours

International Society of Appraisers

You may also count the hours spent preparing and writing your Accredited Member Course appraisal report —whether for Fine Art, AF+DA, or the Specialty and Advanced Studies Pathway. You can prepare an insurance appraisal for a client, friend, or neighbor (note: appraisals for family members or your own collection do not count).

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Art vs. The Elements

Art Peritus

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. ###

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Passion Assets: A True Love of Collecting

Art Peritus

The term collectionor more specifically, art collectionoften evokes thoughts of fine art and antiques. 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. This makes it critical to secure proper coverage.

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Office Hours Information from March 2025

International Society of Appraisers

For insurance replacement purposes, appraisers should consider where the client typically shops, which, in most cases, falls under the retail market. The insured needs to be made whole by replacing the 1925 Cartier ring with a comparable ring of similar qualities. Note that the definition of replacement cost comparable mentions age.