Whether you are a first-time admirer or a seasoned collector, it’s important to take care of the pieces you own.
Understanding what steps to take will help you preserve the monetary and historical value the piece might have both now and in the future. Looking after your investment will also mean you can get the most enjoyment and pleasure from owning them.
There are three areas to consider when taking care of your art and collectibles.
Where you showcase your pieces or store items that aren’t on display is often the first thing to think about when you start to collect fine art and collectibles. The following guidance will help you decide where to keep your art:
For vases and figurines:
If you do have to store your art away for any length of time, it is best to do so in a warm and dry location. Basements or lofts aren’t advisable for long-term storage as both are susceptible to changes in temperature and humidity across the year and can leave your items exposed to potential damage. Try to keep your items off the floor to avoid any moisture absorption from the ground.
Here are some general tips if the pieces in your collection are in need of some extra love and attention:
Getting the right insurance for your fine art and collections is a top priority to safeguard your investment, regardless of its cost or value.
As well as getting the right insurance cover, take the time to document the condition of your collection and keep photographs, notes, dimensions, the method of framing, artist’s name and original bills of sale. This will all prove useful should you need to make a claim.
ANDREW FRAIWALD Cert CII
Private Client & Portfolio Broking Team Leader