Market Trends
These art sales platforms gained traction during the pandemic.
What are online viewing rooms?
According to the Art Basel and UBS 2021 mid-year review, this generational group of collectors is driving overall spending on art and collectibles.
What are Millennials?
In April 2021, a rare, early copy of this video game featuring two mustachioed mushroom lovers in matching overalls sold for 6X the previous auction record at $660,000.
What is Super Mario Brothers?
Collectors implement financial risk management for their collectibles. What other type of risk management do collectors need to complete?
What is physical risk management?
This clause in a valuables policy refers to the loss of personal property in an unexplained manner with absence of evidence of a wrongful act by a person or persons
What is mysterious disappearance?
In the past two years, more than 20 of these of sales companies have launched in the collector car industry.
What are online auctions?
According to the Art Basel and UBS 2021 reports, this generational shift moves away from passion collecting and towards this motivation
What is Collecting for Investment?
A recent auction broke the world record in baseball card sales, for a card selling at this amount featuring this player.
What is $6.6 Million for a Honus Wagner Card?
Lizard skin, feathers, and star angle variation are features considered in the assessment of these collectible items.
What are diamonds?
While recently conducting a loss-in-value appraisal for a wine collection that experienced a 48-hour period of elevated storage temperature, a wine specialist determined that bottles made with this grape suffered the least.
What is cabernet sauvignon?
According to the Knight Frank Luxury Investment Index, prices increased the most within these three collecting categories in 2020
What are luxury handbags, fine wine, and collector cars?
These two decades represent the most frequently purchased manufacture dates of collector cars for people born in the 1980s and 1990s.
What is the 1960s and 1970s?
Belonging to a collecting category that launched over 20 years ago but exploded in popularity and value in 2021, items like this were once thought worthless but can now sell for thousands of dollars. This object sold in December 2020 for $369,000 and features Charizard.
What is a 1999 First Edition Shadowless Holographic Charizard #4 Pokémon card?
Collectors in CAT exposed areas should take these four preventative measures.
What are collection inventory, emergency contact list, seasonal storage, and evacuation plan?
This is perhaps the most frequently reported loss when a collections policy passes from generation to generation
What is jewelry theft?
In the last two years, the major auction houses have surpassed their annual goal for this category of sale within the first quarter of each year.
What are private sales?
This estate planning tool allows collectors to transfer assets out of their estate and allows the public to view the collection
What is a Private Foundation Art Museum?
In March Christies sold the first ever NFT for $69m by this artist.
Who is Beeple?
Based on a UBS survey, 51% of collectors have never done this.
What is an appraisal?
A claim for rusting of an outdoor sculpture was denied, stating this reason.
What is inherent vice?
Sotheby's recently reported that this collecting category had eight times the volume of online sales and five times the sales value from 2020 to 2021. This collecting category also saw a great expansion of new buyers in 2020 with 40% of the participants age 40 or younger.
What is the luxury watch market?
A new method for organizing auction sales emerged in the past year, as seen in the Rembrandt to Richter sale at Sotheby’s, the Trespassing sale at Christie’s, and the Refresh: Reload sale at Phillips, and reflects the generational shift towards this approach to collecting.
What is cross-category collecting?
The McLaren F1 is the current record holder for most expensive car built after 1972 at this price.
What is $20.5M?
This person is responsible for helping individual and institutional collectors determine which carrier to seek coverage from based on their collection’s unique requirements.
Who is an insurance broker?
This self-portrait by this artist, painted in 1943 and currently valued at $70M, was damaged during a preview at Christie’s.
What is “Le Marin” (“The Sailor”) by Pablo Picasso?