Way OT: Any art experts here?
A.J. Hamler
>I have two art questions, and as with other OT questions posted here, I wouldn't be surprised that there are a few experts around. I've done the usual searching through Google, but because I know absolutely nothing about art I'm sure I'm not looking in the right places or putting in the right search terms. In short, I can't find what I need.
First, I need to find a painting by a contemporary artist, or perhaps a not-too-long deceased one, that would be worth in the neighborhood of $40,000-$50,000 or so in today's market. This doesn't have to be a specific painting -- in fact, it shouldn't be -- but the artist must be specific and must be a known name. What I'm looking for is a hypothetical painting that is anywhere from 20 to 40 years old that may have been bought by a collector an unspecified number of years ago at a decent price before the artist was as collectible as he is today. Today, however, the artist should be well-known enough that the value of this hypothetical painting has risen over the past few years to around that $40,000-$50,000 figure I mentioned earlier.
Secondly, can anyone tell me how paintings are insured, or point me in the right direction? Specifically, is the insured value of a piece of artwork adjusted on a set schedule of some sort to assure the owner that the insured value matches the current marketplace?
Can anyone help?
TIA
A.J.

