Recently with all the Auction houses in full mode, I have been receiving many phone calls concerning artwork in transit.
The main movement of Art and Collectibles are going to the Auction houses. Most of the time, Individual’s would send the auction house information about the work, and if acceptable, the burden of insurance falls on the collector to get the work to the Auction house.
Most collectors who sell through auction houses, don’t think about coverage while it is at the Auction house. Many Auction houses charge very high rates for this coverage , which in many circumstances are included in my design of the policy.
Granted, you can buy a one-way art or collectibles transit policy that stops once the work is received, or you can think beyond and purchase a policy which at times include insurance coverage while shipping to Auction Houses, Galleries, Storage, and framers.
Complete my form for collectors, and let’s figure out an Art Insurance program which fits your style.
William G. Fleischer, CIC
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