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Policyholders frequently have an inflated sense of the value of their artwork. Just because art is popular or sentimental doesn't mean it's valuable.
Determining the value of a deceased artists work creates some challenges.
How do you value irreplaceable, priceless works of art?
Trained appraisers know that to accurately value a work of art, they must find comparable works in the marketplace. How do certain events help dictate pricing and, by extension, replacement costs?