Art Insurance To Cover Ownsership Disputes

“Disputes over ownership of artworks are common, often protracted, and costly. A dealer may have sold a work he didn’t have the right to sell, or he may have failed to pay a consignor. Perhaps the seller of the artwork is an heir and, later, other heirs come forward to challenge his right to sell the piece. A new insurance product, art title insurance, is meant to protect both buyers and sellers against these kinds of problems.”