Urban Art Association

Insurance Apprasials and a Faile Question, by cpo on Jun 11, 2008 8:11:53 GMT 1,

Quick question for the Faile fans out there:

If you had an opportunity to purchase the Momento Mori Remix (varied edition of 8) for how much would you appraise it? It was originally $2250.



I only know of one other person who grabbed one of these last year, so I have no history to make a guess. and I'm not selling mine right now so I don't want to gage it on Ebay. Actually, I leave tomorrow for 6 months with no access to my prints/art so I know the answer will be different by the time I get back, but I was curious and at this point I'm asking because I want to protect my stuff while I'm gone.

On a related note, if I were to purcahse home insurance or personal property insurance and it covered my art, would the value of the art be based on what I paid for it, or what it's current 'value' is? I have heard that some companies will take Expressobeans stas for the going rate of verified pieces especially if there are lots of sales stats, but what about a piece like this with no recorded sales (known)?

I have good property insurance with USAA but let's be honest, if it all burnt down while I was away, what am I actually looking to recover? costs or current values?

Thanks in advance for the input!

Quick question for the Faile fans out there:

If you had an opportunity to purchase the Momento Mori Remix (varied edition of 8) for how much would you appraise it? It was originally $2250.



I only know of one other person who grabbed one of these last year, so I have no history to make a guess. and I'm not selling mine right now so I don't want to gage it on Ebay. Actually, I leave tomorrow for 6 months with no access to my prints/art so I know the answer will be different by the time I get back, but I was curious and at this point I'm asking because I want to protect my stuff while I'm gone.

On a related note, if I were to purcahse home insurance or personal property insurance and it covered my art, would the value of the art be based on what I paid for it, or what it's current 'value' is? I have heard that some companies will take Expressobeans stas for the going rate of verified pieces especially if there are lots of sales stats, but what about a piece like this with no recorded sales (known)?

I have good property insurance with USAA but let's be honest, if it all burnt down while I was away, what am I actually looking to recover? costs or current values?

Thanks in advance for the input!