Fine Art - In the picture.
An upsurge in art collecting among young City types has given a boost to the art insurance market. Insurers are competing on new features to boost their traditional policies, says Shona Cronin.
The art world is no longer just the preserve of the well-healedmiddle-aged collector. Attracted, in part, by the recent Cool Britannia
hype, a new band of twenty- and thirty-somethings are using their large
City bonuses to venture into the realm of art collecting. This is good
news for the insurance world, because these city slickers have proven to
be very security conscious - something which is fundamental in a high net
worth client.
Anthony Lumsden-Cook, chairman of Cox Insurance, says: "Young
pr
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