Overview
Like a newborn, a piece of art doesn’t come with instructions for its care and handling. Yet understanding the logistics of art ownership is crucial to maintaining the art object’s long-term aesthetic and financial value. This course will cover six main components of collections care, including a session on digital art and NFTs.
First, we will discuss the fundamentals of tracking and organizing your collection and all of the accompanying paperwork, which is important to archive for insurance, appraisal and tax scenarios. Then we move on the understanding the coverages and exclusions of art insurance policies. Approaching your collection with a mindset of loss prevention – when buying, selling, moving and installing art, is critical to reducing the possibility of physical damage to your work. Proper installation, packing and shipping, and even pro-active consultation with a conservator are crucial components of loss prevention as well. The emergence of NFTs as a way to monetize and provide ownership proof for both digital and physical artwork is a trend we will discuss as well, including the unique risks and display challenges.
Topics covered:
- Collections management
- Insurance
- Digital art and NFTs
- Loss prevention + risk management
- Installation + conservation
- Storage, packing and transportation
Learning Objectives:
By the end of this course, you will be able to:
- Understand the basics of collection management to safeguard the aesthetic and financial value of your collection
- Ask informed questions about insurance coverage for your collection while at home, in other locations, and on loan
- Create a risk management plan for your collection
- Recognize and locate professionals in the fields of appraisals and conservation
- Install your collection with an understanding of agents of deterioration to minimize the possibility of loss
- Understand the fundamentals of NFTs and Blockchain technology
- Comprehend the exposures of transportation and storage, and pro-actively mitigate them
Academic Profile
Katja consults with collectors as well as insurance and financial advisors on the physical and financial protection of passion investments. With more than two decades of experience in the art world, she has insured private collections, museums, galleries and exhibitions for HUB International, AIG Private Client Group and AXA Art Insurance.
Katja is also a guest lecturer at Christie’s Education Department. Throughout her career, she has presented on art and wine collecting in the context of alternative investments, asset protection, trust and estate planning and has lectured at The College Art Association, University for Applied Arts in Vienna, the UBS Arts Forum in Wolfsburg, and the Swiss Embassy in Washington, D.C. Katja has been quoted in the Wall Street Journal, The New York Times, Reuters, Worth Magazine, Barron’s, ARTnews and appeared on CNBC’s Power Lunch.
Katja has a B.A and M.A. in Art History. She is a board member of The Foundation of the American Institute of Conservation, and a member of The Friends of the Swiss Institute Committee.
Any Questions?
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