Is the Value of Art Going Down?

Given our fine arts practice, we are tuned in to market value fluctuations since those fluctuations often dictate what an insurer must pay when a covered loss occurs.  If this recent article is to be believed, the value of art is beginning to go down.  If true, this could be good news for insurers.

For more information about this post, please contact Bob Cosgrove at rcosgrove@wcmlaw.com.