The NY Armory Week is over: What's next?

The Armory, the ADAA and the other art shows are finally over after a high-energy week of viewing thousands of artworks citywide. And if you were one of those fortunate buyers now is the time to think about keeping up insurance on this purchase and the others in your collection. O’Toole-Ewald Art Associates, Inc. (OTE) offers advice that might help you:

  • Make sure to update appraisals every one to five years since art prices fluctuate over time
  • If you’re thinking of donating artworks to a museum or non-profit organization, then, you will need a Charitable Contribution appraisal. OTE provides this classic fine art appraisal report in conformation with IRS standards
  • Request an Insurance appraisal for each artwork of your collection. OTE fine art experts will determine the retail replacement value to ensure you have the appropriate insurance coverage and evidence to support future claims in case of any damage, fire, unexpected accidents and theft
  • If you bought art as a financial investment, you can also consider borrowing a bank loan using art as collateral. OTE provides Collateral Value appraisal for this particular situation 

If you wish to learn more about the steps needed to insure and maintain your collection, contact our multi-lingual staff to learn about the OTE valuation services.

The Armory Show
Yayoi Kusama Guidepost to the New World (2016) presented by Victoria Miro Gallery
Alexandre Arrechea L2VED2CH3 (2016) presented by Galeria Casado Santa Pau
Douglas Coupland Towers (2014) presented by Daniel Faria Gallery
ADAA Art Show
Alex Katz Nicole (2017) presented by Gavin Brown Enterprise