A nice little earner
Art insurance is a niche market with different rules
AS RISKS go, insurers think of fine art as an attractive one. Transport is the biggest risk, theft the most glamorous. The first can be reduced by expertly packing and shipping sculptures or paintings. The second is limited by the problems in fencing a famous Picasso or Monet. In addition, few connoisseurs think of damaging a work of art—as opposed to, say, their spouse—purely for the insurance claim.
This article appeared in the Finance & economics section of the print edition under the headline “A nice little earner”
From the June 9th 2001 edition
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