Collectors should look beyond aesthetics when investing in art
Much art will not appreciate in value and the contemporary art market exhibits elements of a Ponzi scheme, writes Steven Kettle
To Catch a Thief: Art Security & Recovery
Let’s leave art theft to Hollywood. Glamorous and alluring as The Thomas Crown Affair and similar films may be, true art crime leaves its victims feeling attacked, struggling with insurance companies, and grieving for prized possessions. It also happens more frequently than you may expect: tens of thousands of artworks, worth billions of dollars, go missing every year. In 2004, the FBI even set up their own Art Crime Team, comprised of 16 special agents. They maintain a National Stolen Art File, where you’ll find missing works by artists ranging from Abstract Expressionist Franz Kline to Andy Warhol. From Pre-Columbian stone bears to screen prints, art of all media, from all eras, is vulnerable to robbers seeking profit or their own aesthetic fulfillment.
Interview of the Month with Fortress
This month we discussed art storage and collection protection with Kimberly Jones, Vice President at Fortress Miami, a museum quality art storage and services company. Learn about how to prepare your collection for hurricane season, why "after the storm" events can be more dangerous than "during the storm" events, and why this art storage company decided to open in hurricane-prone Florida over three decades ago.