Month: July 2025

The City Is a Winter Wonderland © Sonya Sklaroff 2024 Collecting fine art is a passion. However, owners need to be knowledgeable as to the various risks of damage and loss to their collections and take appropriate steps to mitigate those risks. To address some of these issues, we have compiled a four-part series: The [...]

Consignment agreements are contracts between a gallery and an art owner that allow the gallery to display and/or sell the artwork. Like a loan agreement, a consignment agreement does not transfer ownership rights to the gallery and specifies that ownership transfers from the artist directly to the purchaser upon payment in full. These agreements typically [...]

Art is both a cultural and financial asset, making its physical protection crucial. The Los Angeles wildfires in January 2025 underscored the importance of safeguarding works of art. This wasn’t the first wake-up call for threats to art. For example, Hurricane Sandy in October 2012 flooded New York City’s Chelsea art district, leading to numerous [...]

If you have art assets, you must have appropriate, up-to-date insurance. If your art collection is valuable, having a fine art policy rather than including art on a homeowner’s insurance policy may be worth the added expense. Unlike a standard insurance policy that may include art coverage, a fine art insurance policy has significantly fewer [...]

DO:  Take preventative steps  Stay up to date on natural disasters and monitor risks in your area, such as hurricanes, floods and fires  Create an inventory of your artworks Keep high resolution images of your art Create emergency plans in advance of natural disasters Follow your insurance provider’s storage and protection requirements Invest in the [...]