1 month ago
News18
A collector visiting a contemporary art fair accidentally toppled over a small glass sculpture by renowned artist Jeff Koons, shattering it to pieces. Collector shatters $42,000 Jeff Koons dog sculpture at Miami art fair after she tapped it to see if it was a BALLOON and knocked it off stand. Some of the assets or types of art that can be insured under an art insurance policy include drawings, paintings, prints, sculptures, stamps, coins, watches, and books. Kyle McGrath, Deputy Global Fine Art Practice Leader at AXA XL, told invaluable, that the financial impact associated with a Fine Art loss can be “quite sizeable" when taken into consideration both restoration fees and depreciation in value. His works challenge notions of what is fine art, even as they have auctioned for as high as $91 million.
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