You’ve worked hard to assemble an art collection you can be proud of. To help ensure that it stays in top condition, year after year, we’ve put together five essential strategies for you to follow regularly.
Update contact information for your emergency response team, including art handlers, storage facilities, and conservators. You may want to contract with a specialised storage facility that can allocate handlers, vehicles, and storage space for your collection in the event of a disaster. Update any special considerations for moving items, such as unique tools required, the location of crates, or instructions for unlocking display cases, and make sure your household is prepared to respond quickly and efficiently.
If you don’t keep a detailed inventory, consider hiring an appraiser to complete a thorough inventory then upload the inventory to a cloud-based or online asset management system. Store a back-up version in a secure secondary location.
To locate a qualified appraiser, consult the member databases of Auctioneers and Valuers Association of Australia (AVAA). Confirm with the appraiser that their reports are compliant and let them know how the appraisal will be used, so they can provide the appropriate report.
Over time, nails can become brittle and nails used for hooks can loosen in the wall, causing the painting to fall. Consult with a professional art handler to inspect your collection’s hardware and make any necessary updates.
Consider getting an annual or seasonal inspection of your delicate paper works of art and any outdoor pieces that are exposed to weather, to keep them in good shape. To locate a quality conservator, consult the member database.
This content is brought to you by Chubb Insurance New Zealand Limited (“Chubb”) as a convenience to readers and is not intended to constitute advice (professional, financial or otherwise) or recommendations upon which a reader may rely. Any references to insurance cover are general in nature only and may not suit your particular circumstances. Chubb does not take into account your personal objectives, financial situation or needs and any insurance cover referred to is subject to the terms, conditions and exclusions set out in the relevant policy wording. Please obtain and read carefully the relevant insurance policy before deciding to acquire any insurance product. A policy wording can be obtained at www.chubb.com/nz-en through your broker or by contacting any of the Chubb offices. Chubb makes no warranty or guarantee about the accuracy, completeness, or adequacy of the content. Readers relying on any content do so at their own risk. It is the responsibility of the reader to evaluate the quality and accuracy of the content. Reference in this content (if any) to any specific commercial product, process, or service, and links from this content to other third party websites, do not constitute or imply an endorsement or recommendation by Chubb and shall not be used for advertising or service/product endorsement purposes. ©2020 Chubb Insurance New Zealand Limited Company No. 104656 FSP No. 35924. Chubb®, its logos, and Chubb.Insured.SM are protected trademarks of Chubb.