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Water damage on portrait

AXA ART Presents Damages From Hurricane Sandy

By Fine Art AdminArt Collecting, Insuring art

Serves to reinforce the importance of Disaster Preparedness Next to oxygen, water is the most essential element to human life. However, it is a serious threat to objects of art…

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April 18, 2013
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Fine art photograph by Manet

Has the biggest art heist in US history been solved?

By Fine Art AdminArt Security, Insuring art

FBI says they’ve ID’d infamous thieves who stole half a BILLION dollars of art from Boston’s Gardner Museum… The FBI believes it knows the identities of the thieves who stole…

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March 19, 2013
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Damaged art

The Finer Points of Insuring Fine Arts

By Fine Art AdminArt Collecting, Insuring art

In addition to all the damaged homes everyone witnessed on the news during the onslaught of superstorm Sandy, insurance companies are reeling from the largest ever payouts for damage to…

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February 9, 2013
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Art Insurance Losses from Hurricane Sandy May Reach $500 Million

By Fine Art AdminArt Security, Insuring art

Two months after Hurricane Sandy caused severe flooding in many Chelsea galleries, the bill for the art world’s recovery is shaping up to be hefty. By mid-November, AXA Art Insurance,…

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January 5, 2013
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Lewitt picture

Will Artspace Be the Art World’s Amazon.com?

By Fine Art AdminArt Collecting, Art Market

Fine art is an $80 billion global market and the co-founders of Artspace.com think an online marketplace can grab $10 billion to $15 billion of that total. “We’re building a…

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December 8, 2012
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darkened flooded street

Hurricane Sandy wreaks havoc on New York art district

By Fine Art AdminArt Collecting, Art Security, Insuring art

Receding water after Hurricane Sandy left its ugly mark on the walls of New York’s art district, rising up to five feet on some buildings, and gallery owners sifted through…

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November 10, 2012
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jeffrey-gundlach

$1M Reward for Missing Mondrian Among Richest Ever

By Fine Art AdminArt Collecting, Art Security

Jeffrey Gundlach’s $1 million reward for his stolen painting by Piet Mondrian is believed to be the largest ever offered for a single painting, according to art experts. Gundlach, a…

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October 11, 2012
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Andy Warhol

Warhol Art Trove Pops Up for Sale

By Fine Art AdminArt Collecting, Art Market

Andy Warhol’s estate is cashing out. A quarter-century after the Pop artist died, his art foundation is about to upend the Warhol market by auctioning off the rest of his…

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September 14, 2012
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Caravagg

Caravaggio claims spark Italian art world spat; experts respond with skepticism

By Fine Art AdminArt Collecting

ROME (AP).-  Caravaggio was notorious for his brawling, so it might be fitting that a claim by two Italian art historians that they discovered as many as 100 drawings by…

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July 14, 2012
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Aris Portrait

What If Your Prized Painting Turns Out to Be Nazi Loot? The Niche Market for Art Title Insurance

By Fine Art AdminArt Collecting, Art Market, Insuring art

Can insurance be sexy? Maybe in the art world. In 2007, FBI agents showed up at the office of film director (and celebrity art collector) Steven Spielberg to reclaim a…

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May 31, 2012
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