More Insurance Valuations articles
Whether it’s a single piece or a collection most insurance companies will require a written appraisal from an art market professional to meet their criteria. Valuations are also used for collectors personal records in keeping track of the values of their artwork.
The artwork is appraised and the valuation determined by many factors including condition, auction history, previous gallery sales data and general market performance for the particular artist. The art market can be fast moving so we will always quote a range in price to allow for market fluctuations.