AXA Art Newsletter Passionate About Art
3 June 2010 Professional About Insurance
Dear Friends
The recent art theft in Paris Museum of Modern Art stirs my intense feeling in writing this issue on Art Loss Prevention. While some accidental damages can neither be foreseen nor prevented, there are some steps that can be taken by the owner of a collection to increase the longevity of his or her artworks. In this regards, we are pleased to offer advice to collectors on all aspects of caring for arts in this issue.
If you need any further advice on specific areas of preventive and conservation, or if you have any comments, please email me at charles.liu@axa.com.sg.
Charles Liu
AXA Art Specialist
www.axa-art.com
Art Prevention
The major principle causes of loss and often the simplest are water damage, fire, theft and act of God. On the brochure we have summarized the precautionary steps you may take with regards to the named perils.
Click Here
AXA Art artprotect: Global Risk Assessment Platform (GRASP)
In 2004, one of the most devastating art warehouse disasters on record destroyed an estimated $100 million in fine art property, including over 50 works by British abstractionist Patrick Heron and 100 works from theSaatchi Collection. Beyond the financial loss, the London Momart warehouse fire destroyed a significant horde of cultural property that cannot be replaced. This event, coupled with our experiences after the 2006 hurricane season, taught us that our assumptions about the art warehousing industry needed careful re-assessment. The same risk exposure also applies to Museums, their storage locations and shippers.
While vast troves of priceless personal art and objects are given over to the warehouse for safe-keeping each year, Warehouses play a critical role in safe-guarding property belonging to private collectors, museums and galleries worldwide. AXA Art hired Global Risk Partners to develop a web-based GRASP to create and manage a risk assessment system for evaluating different warehouse facilities. For more information, please download the GRASP Brochure and join us in the Art Risk Management Seminar. Admission Free --> Register Here.
Date: 9 June 2010
Time: 9.30am to 2.30pm (including lunch)
Venue: Pacific Place Conference Center, 5/F One Pacific Place, 88 Queensway, Hong Kong
Speaker: Mr Simon C. Mears, Executive Director & Head of Global Risk Partners
Asian Modern and Contemporary Art
Preview: 13 & 14 August 2010
Auction: 14 August, 2pm
Venue: Belimbing / Legacy Suite, 2nd floor, Marriott Hotel, 320 Orchard Road, Singapore
Tel: +65 6737 2130, Attn: Ms Michele Ruth Goh, Web: www.larasati.com
Face - Xiao Hong Solo Exhibition
Date: 18 July to 16 August 2010
Venue: Linda Gallery, BLK15 Dempsey Road #01-08, Singapore 249675
Tel: +65 6476 7000
Web: www.lindagallery.com
Offers All Risk Fine Art policy that focuses exclusively on insurance for painting, sculpture, porcelain, wine, musical instrument and other art and collectibles. We insure personal and corporate collections, museum and galleries, exhibition and transit on agreed value basis. Our services include fine art valuation and advices on loss prevention, conservation, restoration network, shipping, warehousing and storage. For more information, please visit www.axa-art.com or contact us.
Hong Kong Jennifer Scally Jennifer.scally@axa-insurance.com.hk +852 2161 0082
Frances Chen frances.chen@axa-insurance.hk +852 2161 0081
Don Lau don.lau@axa-insurance.hk +852 2161 0083
Singapore Charles Liu charles.liu@axa.com.sg +65 6880 4957
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