Winston Art Group | Insurance Companies

Client consignments for sale on 1st Dibs

Insurance Companies

Winston Art Group’s deep understanding of the insurance industry—cultivated from years of experience with companies, brokers, and clients—is unparalleled in the international art world.

INDEPENDENT APPRAISALS

Whether it is a single item or a vast collection, we specialize in confidential, certified appraisals for reasons of:

Retail Replacement
Loss or damage

All appraisals are obtained using the Comparative Market Data Approach.

In the event of loss or damage, the digital images accompanying all appraisals provide an important record of the object’s visual history.

Winston Art Group offers schedule reviews which enable the identification of potential over/under insurance and the preparation of a fee quote at no obligation.

COLLECTION MANAGEMENT

In the event of damage to a work of art, Winston Art Group’s experienced collection management team will advise on whether conservation or restoration is viable.

Winston Art Group will identify leading restorers, conservators, and project-manage on behalf of our clients. Once completed, Winston Art Group will establish the commercial loss in value.

ADVISORY

If total loss or mysterious disappearance occurs, Winston Art Group’s expert advisory team will assist you in finding a replacement of like quality.

Winston Art Group’s skilled team is also available to advise on the sale of salvage.

Stay Informed

Estate Tax & Estate Planning:

Winston Art Group’s appraisal will serve as the first step in decision-making as it pertains to equitable division of property among heirs and beneficiaries.

Insurance Appraisals:

In the event of loss or damage, Winston Art Group’s appraisal will provide the retail replacement values of any work of art for clients, brokers, and insurance companies.

Damage or Loss:

To determine whether a work merits conservation, restoration, or sale, Winston Art Group’s informed and unbiased appraisal will identify damage or loss to property and assist in settling claims and disputes.

Family Division:

For the division of assets following divorce or dissolution, Winston Art Group’s professional team will determine value and identify appropriate resale markets for all tangible assets.

Donation:

For the proper valuation and documentation of all charitable gifts over $5,000, a Winston appraisal will serve as the first step in the donation process.

Art as Collateral:

Winston Art Group will determine the value of all fine art objects if and when the decision to monetize works is made.

Primary Market:

A market created by either the maker or agent of the maker when an object is sold for the first time.

Secondary Market:

A venue for sale of an object between a seller and a buyer, neither of whom had participated in the creation or initial sale of the object.

Comparative Market Data Approach:

The most commonly applied approach when appraising personal property, in which appraised value is based upon past prices for similar works by the same artist or artisan, or similar works by another artist or artisan of equal standing and related reputation.

Retail Replacement Value:

The amount it would cost to replace an item with one of similar and like quality, purchased in the most appropriate marketplace in a limited amount of time.

Salvage:

A valuation term implying abandonment by the rightful owner in which the recoverant may be entitled to a pre‐agreed percentage of any net price realized in a future sale.

Fair Market Value (FMV):

The price that property would sell for on the open market between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts. If you put a restriction on the use of property you donate, the FMV must reflect that restriction.

USPAP:

Procedure and guidelines for correctly prepared appraisals established by the Appraisal Foundation.