At the Appraisal: Four Tips For Properly Insuring A Piece Of Artwork

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When you inherit art, you need to insure it so that if anything happens to it you can have it replaced or repaired quickly and easily. Before you insure the artwork, you need to have it appraised though. The guide below provides you with a few tips to use when you go to have any piece of artwork appraised at a place like Wardell Appraisals.

Protect the Artwork before Transporting It

Before you place the artwork in your car to transport it to an appraiser, you need to be sure that you secure it properly. You want to be sure that nothing can hit the artwork and damage it if you suddenly have to slam on your brakes. Be sure that canvases are laid flat so that they do not scrape on anything.

Understand the Difference Before the Two Estimates You Receive

When you take the artwork to an appraiser, he or she will give you two different appraisal amounts for the same piece. One of the amounts will be an auction value. The auction value is what he or she assess the piece will sell for if it goes to auction. You will also get an insurance appraisal. This is the amount that the item should be insured for when you go to insure it. You will get both appraisals in writing and need to provide a copy of the insurance appraisal to your insurance company so that they can properly insure the item for you.

Get Multiple Appraisals

It is important to take the artwork to multiple appraisers to get a few different appraisals. This will prove to your insurance company that the artwork is worth as much money as you say that it is worth. You want to be sure you know the true value of the artwork so that you are not left paying for repairs or replacement of the piece if something goes wrong.

Properly Protect the Piece

If you plan to store the artwork, ask the appraiser what the best way to store it is. You want to be sure to protect it so that it is not damaged or lost. If you plan to display it, the appraiser may also have tips for how to clean it once dust collects on it over time.

Owning a beautiful piece of artwork allows you to have something valuable to pass down from generation to generation. Knowing what it is worth and how to care for it will ensure that it lasts as long as it possibly can.

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25 April 2017

Never Underestimate the Value of Old Items

When I was growing up, I remember my mother always scolding my dad for his shopping habits. I had no idea how much he had collected over the years until he recently passed away and I went into the attic of their home to clean it out. It was filled with so much stuff I just didn't know what to do with. I almost threw a lot of it out until my brother arrived and told me some things may be valuable. We ended up taking some antique furniture, a coin collection, and a few other items to be appraised and were very glad we didn't throw them out -- they were very valuable! I thought I would start a blog to share my experience and what I learned during the process of having many items appraised. I plan to post many tips, so come back soon!