22 Essential Data Points Every Collector Needs to Properly Document Their Collections
Documentation of your art collection? Why? It’s always after the fact that collectors realize how much time and money they could have saved if only they had kept complete records of their art collection. Whether you are a seasoned collector or a newbie to the art world making your first art acquisitions, proper collection management is one of the single most important aspects of collecting art yet it is one of the most overlooked steps in the collecting process.
It is important to document your art objects properly for a myriad of reasons and it should be as accurate and up-to-date as possible. In case of emergency, loss, theft, or damage you will be grateful that you can pull all the information you need about your valuable collectibles at a moment’s notice and without hassle. It’s also quite handy to have everything centralized if you are updating your insurance policies or if you get any inquiries from the IRS (estate planning anyone?). Now, you may say that you will never sell your prized possessions but what if you learned that it has increased in value 10 fold? At that point you may want to allocate that money to buy a new home or car you’ve been needing so it may be more than prudent to sell. Being proactive and keeping all the essential data about your collection readily on file can be worth more than gold to many time-pressed art collectors.
Therefore, we created this ESSENTIAL CHECKLIST below so you can quickly cover all your bases in one fell swoop. Simply print it out, check off each item you have and store it in the front of your file folder (hopefully, you have created a file for each beloved art object you own).
(Having trouble printing? Email us for a hard copy at firstname.lastname@example.org)
VOILA! You have successfully saved yourself a ton of hassle, preventing endless paper chases and boring administrative work. We hope it also helps you sleep better at night too!
If you would like to outsource your collection management needs however, by all means do contact us! We conduct thorough research and analysis on each art object and maintain meticulous digital and secured files so your collection details are centralized and you can easily access information according to your immediate needs. Email email@example.com