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Digital Subscriptions > Antiques Trade Gazette > 2301 > Insuring against the cracks

Insuring against the cracks

The business of trading in art and antiques is fraught with risks. With the added complexity of Brexit looming, Ivan Macquisten outlines the insurance steps buyers and sellers can take

Insurance

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The art market may be more complex and globalised than ever, but some things never change. With insurance, experts will tell you that the most common problem remains accidental damage in transit – around 50% of all fine art claims, according to Andrew Mitchell, line underwriter at Hiscox UK and Ireland Art & Private Clients.

While the ordinary punter needs cover when buying and selling art and antiques, it is the galleries and auction houses for whom insurance and shipping costs have a real impact.

Art is also at risk when stored in freeports and warehouses. Safety standards have improved immensely, but fire, water damage and theft will always be waiting in the shadows. And then there is the emerging threat of cyber crime.

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About Antiques Trade Gazette

Antiques Trade Gazette is the essential publication for everyone with a serious interest in art, antiques and collectables. Every week it is packed with up-to-the-minute news on the market, with individual items beautifully illustrated throughout. Since 1971 it has been the most reliable source of information on what is really happening at auctions in the UK and around the world. Each issue is filled with auction advertisements and detailed auction reports written by expert journalists. The Dealer’s Diary section keeps readers constantly updated on what is happening at the fairs and markets and in the galleries and shops. Market professionals and serious collectors throughout the world rely on ATG to keep them informed on developments and issues which shape the art market. It is here that they learn about the prices achieved at auction in every area - from antiquities to pop memorabilia, from impressionist paintings to Chinese art. With 500 or more art objects pictured, every issue is a treat to the eye and a visual education. Whatever the topic Antiques Trade Gazette is well-informed, up-to-date and entertaining.

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