2 Results

Filling in the Blanks: How Provenance Researchers Solve the Art Market’s Complex Puzzles

Jan 17, 2019

What is provenance research and why is it important?
Highly desirable works of art are often described as having “impeccable provenance,” but what exactly does that mean?
Imagine being able to trace an uninterrupted line from a work of art’s current owner back to the artist’s studio, knowing every place the work has ever been exhibited, the date and location of every sale and the identity of every previous owner along the way.
When you think about all of the events that would occur over, say, a 400-year-old Old Master painting’s lifetime – war, natural disaster, political and economic unrest – it becomes clear that all of this information, collect ...

Top 3 Art Insurance Claims and How to Prevent Them*

Jan 15, 2019

By: Erin Bast, Senior Underwriter at Huntington T. Block Insurance Agency, Inc., a division of Aon
It is commonly thought that art theft would be the most prevalent claim due to breaking headlines about bold art heists and movies such as the Thomas Crown Affair. However, ironically enough, theft claims are really rather rare. Instead, the majority and most common types of art claims can be bucketed into three categories: transit, peril and accidental damage.
Art on the move
The number one type of claim the art world experiences is damage of a work of art during transit. In fact, over the course of a year, transit is the cause of between 60% - 75% of all losses. While the safest place for ...