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Is the Value of Art Going Down?

January 16, 2013

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Given our fine arts practice, we are <a href="http://www.wcmlaw.com/shownews.asp?Show=238">tuned in</a> to market value fluctuations since those fluctuations often dictate what an insurer must pay when a covered loss occurs.  If this <a href="http://andrewsullivan.thedailybeast.com/2013/01/is-the-art-bubble-about-to-pop.html">recent article </a>is to be believed, the value of art is beginning to go down.  If true, this could be good news for insurers.
For more information about this post, please contact Bob Cosgrove at rcosgrove@wcmlaw.com.
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