Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Seeking Insurance

May 30, 2008 by Marion Maneker

In honor of Art Basel 39, the IHT devotes a lot of space to AXA’s point of view on art. Something to think about after the jump:

“Artworks can break, but they can also suffer deterioration due to the inherent vice in their materials,” said Thomas Wessel, the insurer’s director for art expertise management. “Only 5 percent of the world’s artworks will survive the next 100 years. The remaining 95 percent, in museums and in the trade, is exposed to increasing environmental stresses, and without immediate intervention and curatorial measures, will not last.”

More from Art Market Monitor

  • Hirst FalloutHirst Fallout
  • Warhol Big Electric Chair Coming to Sotheby’s in May at $18-25mWarhol Big Electric Chair Coming to Sotheby’s in May at $18-25m
  • Art History Changes with Global CollectionsArt History Changes with Global Collections
  • Should We Be Worried About Sotheby’s Ability to Meet Its Obligations?Should We Be Worried About Sotheby’s Ability to Meet Its Obligations?
  • Phillips Multiples = $5.2mPhillips Multiples = $5.2m
  • LVMH Gets Backdoor Stake in Artsy by Merging with Private Equity Arm with CattertonLVMH Gets Backdoor Stake in Artsy by Merging with Private Equity Arm with Catterton

Filed Under: General

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Restituted Van Gogh Portrait from London Collection to Sell at Christie’s
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Tony Podesta's Secret Art Buying
  • Christie’s to Sell Its First Fully Digital Work of Art in Test of Emerging Market
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Tracey Emin Neon Lights Up Sotheby's 'Contemporary Showcase' Pop-Up
  • Sotheby's Pulls in a $9m David Hockney for November
  • Podcast
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor