Insurance Age

Carving out a niche

Art insurance differs from the sort of mass-market insurance where formulaic rates and cover apply. T...

Art insurance differs from the sort of mass-market insurance where formulaic rates and cover apply. There is no retail price index for Dutch old master landscapes, no match test for a Rossetti portrait. Art is an international business and, like the stock exchange, values are subject to dramatic fluctuations, which are influenced by confidence and fashion.

Fashion is key in determining art prices. The works that decorated the walls of boardrooms in the 1980s may have suited the money

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