The Affordable Art Fair starts on September 30, 2010
, and it comes with plenty of opportunities to pick up pieces by emerging artists
. Featuring works priced from $100 to $10,000, the right choices can turn into astounding art investments down the road. While collectors are drawn to the pieces themselves first, it's hard to overlook the financial appreciation that can occur, especially as the art market claws its way back from financial crisis
What happens if your artwork is damaged? Collectors don't always spend enough time thinking about the financial side of their holdings, and art insurance
can be an afterthought. So, it might not be a bad idea to invest a little in protecting your work.
"After taking the time to evaluate a work of art, but before making a purchase, it is important that collectors consider how they are going to protect their investment," said Andrew Gristina, Fine Art Specialist, Travelers Inland Marine
. "Most people buy art
because of the aesthetic beauty, however, it's also a financial investment, which is why insurance coverage and proper handling should be a consideration with each purchase."
Here are three five steps you can take to protect what you pick up at the Affordable Art Fair (or anywhere else):