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Bad Times for the Economy = Good Times for Fine Arts Claims?

February 25, 2009

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Art rich, cash poor -- an age old problem that companies such as Sotheby's Financial Services have long seeked to capitalize on. With the global economy in the state that it is in, the need for cash, not art, is only likely to increase. Why is this of concern to the fine arts insurance community? Because real world examples (such as the case of Michel Cohen) teach us that an uptick in provenance, title and cash claims under all risks fine art insurance is likely to follow.
<a href="http://www.nytimes.com/2009/02/24/arts/design/24artloans.html?_r=1&amp;scp=9&amp;sq=art%20&amp;st=cse">http://www.nytimes.com/2009/02/24/arts/design/24artloans.html?_r=1&amp;scp=9&amp;sq=art%20&amp;st=cse</a>

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