Insurance value vs. retail value of art

Baziotesflower_head
I asked my friend Gail Kana Anderson, who is a longtime museum registrar and now interim director of the Fred Jones Jr. Museum of Art, about the insurance values they require from artists who exhibit in their museum. Here’s what she said:

We ask only for insurance (not retail) values since we are not in the business of selling art. If the artist has a history of sales, the retail value and insurance value might be the same. Otherwise, as is the case with work in our annual student exhibition, the insurance value might be the costs that went into the work.

Image: William Baziotes, Flower Head, c.1940s. Collection of the Fred Jones Jr. Museum of Art, The University of Oklahoma.
(State Department Collection, Purchase, War Assets Administration)

Share this post

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top

I'd love to stay in touch!

If you’d like to be the first to know about about new podcast episodes, blog post, and program offers, just drop in your email addy right here. 

Ready for a new perspective?

Get 31 People Who Can Help Sell Your Art

You will also receive my regular news for your art business.
Privacy + Terms

Where can we send your special report?

Happy to send it!

You’ll also receive my regular news for your art business.

Privacy + Terms