Valuation of your Paintings and Sculpture - an important step in protecting your assets

To protect your painting or sculptural assets makes good sense, particularly when more people are investing a portion of the superannuation fund in art.  (It may be able, if invested wisely, to outperform shares).

Part of this protection is to insure them for their actual worth.  A valuation for insurance purposes allows you to know what your artwork is REALLY worth and allows your insurance company to pay you the correct and fair amount, in the event of a claim.  It also ensures that you don’t pay too high a premium.

Valuations are based on the general condition of each work (including medium, canvas and structure); and the recent sale prices of comparable works at auction.  The research is very comprehensive and values can vary widely, so accuracy is important.  In a case where a work is an unusual work (perhaps an atypical style of a well known artist), the value of that particular work may be reduced, or enhanced, by its rarity.