Sunday, July 25, 2010

Protecting Your Art Investment--Tips for Collectors

Remember Again by Pino

Pintos by Bev Doolittle

Protecting Your Art Investment

  • Preventing Damage
  • Insurance
  • Certificates of Authenticity & other documents

  • If you bought an early Bev Doolittle print for $95, which is now worth $7,000, or own other art treasures, or if you are just adding your first piece to your collection, knowing how to protect your art investment is very good information to have.

    A one of a kind art purchase is irreplaceable, however there are some steps you can take to help prevent damage of your art treasures, and there are ways to protect your financial investment in case damage or loss does occur.

    Here are a few tips:

    Part I--Preventing Damage

    *Keep artwork out of direct sunlight to avoid fade
    *Don't place expensive artwork over a fireplace to avoid excessive heat
    *Ensure framing is done to the highest quality standards. Poorly done framing can lead to damage of your artwork.
    *Use Acrylic with UV protection rather than glass whenever possible
    *When not on display, ensure all artwork is stored above the ground level
    *Hire professional art movers to move high-end artwork properly

    Fine art on canvas or paper that's not properly protected can be damaged by light, temperature, acids, humidity, poor handling, insects, and pollution. Good custom framing enhances the experience of art, and protects and preserves the work

    Museum or conservation quality standards have been established by the Library of Congress, along with other nationally known galleries, to preserve prints in the best possible condition, and to prevent any future damage, or acid burning that can be caused by inappropriate matting and framing. By adhering to these high standards of excellence, you can be assured that your prints and other valuable collectibles will be well preserved for many generations.

    Glazing is a flat sheet of transparent material, such as glass or acrylic sheeting, which covers and protects the surface of the artwork while allowing the full beauty to be viewed. Acrylic sheeting (e.g. Plexiglas or Lucite) is often used instead of glass, as it has the benefits of being unbreakable and lighter in weight, and offers greater protection from ultraviolet radiation.

    Ultraviolet radiation in the home, from filtered sunlight, fluorescent fixtures, and even ordinary light bulbs is the main cause of fade in prints (not to mention furniture, drapery and carpets). Acrylic sheeting with ultraviolet protection reduces the ultraviolet radiation affecting your art by 97%.

    We almost always recommend the use of acrylic sheeting over glass. The one exception would be if a medium such as soft pencil, charcoal, pastel is present on the surface of the artwork. In this case, glass should be used, as the static charge present on the acrylic sheet could attract loose particles of such media. Where a composition is in no danger of flaking, acrylic with ultra-violet protection is the best choice, and is the museum quality standard.

    Part II--Insurance

    *Don't assume your artwork is covered by your homeowner's policy--check with your agent and also inquire about limits and deductibles.
    *Take photos of your art, including photos of the artist signature, and serial numbers where appropriate
    *Obtain an appraisal if your artwork has increased significantly in value. Check with your insurance company for their requirements.
    * If you are planning a move, make sure your insurance covers your high-end art in transit

    Part III--Certificates of Authenticity & Other Documents

    * Whenever possible, keep Certificates of Authenticity & other related documents and photos in a safe deposit box, rather than at home to protect it in case of fire, flood or simply being misplaced.
    *Keep your bill of sale or receipt with the Certificate of Authenticity to document your purchase.

    The above steps can help you get the most enjoyment from your artwork and help protect your financial investment.

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