This week, I insured an individual who was left with over 2 million worth of Art from an artist. There were over 1,000 works on paper, 600+ works on canvas. It is in the process of being cataloged and photographed. There were no appraisals since it’s in the gathering portfolio stage.
The call was triggered because some of the work was going to be exhibited and they wanted to protect the Art.
I recommended using the collector’s application instead of the Dealer application. The main difference is how the settlement option works. As a collector, you will be paid for the Art at Fair Market Value and as a dealer, it will be 30% less of the sale price.
Call me 212-566-1881 ext 111
William Fleischer, CIC
• Art Dealers
• Artist Transit/Exhibition/Studio Insurance New Program
• Corporate Collections
• Personal Collections
• Museum Collections
• Business Owners Liability