Happy New Year Art Lovers! This is the eleventh edition of the Johnsonese Brokerage Art & Antiques Insurance Newsletter. The goal of our newsletter is to provide useful information about insurance to individuals, businesses and non-profits involved with the fine and decorative arts, antiques and collectibles.
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New Logo, New Website |
 With the assistance of Beall Creative we released a new logo and launched a new website at the end of 2010. The concept of the logo is to reflect our goal of always seeking better insurance solutions for out clients; and of growing with our clients as they move to ever larger projects. The new website allows us to provide information of interest to our target markets. Please visit www.johnsonese.com and send us your comments.
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Hard Times Make for Good Market in Corporate Memorabilia | |
The initial wave of enthusiasm for products bearing the Lehman Brothers, Merrill Lynch, and Bear Stearns insignia may have died down considerably as collectors have grown weary of the economic downturn. But there's still a lot of interest in iconic successful American brands like John Deere, Budweiser, Ford, Coca-Cola and AT&T.
These brands are nostalgic and remind collectors of better economic times. Airline memorabilia, antique stock certificates and vintage ads have also remained popular.
Enron is probably the exception that makes the rule relative to collector fatique with failed brands. Memorabilia from Enron, the largest collapse in US corporate history, remains popular. The Smithsonian Institution even procured an Enron coffee mug for the National Museum of American History in an effort to document the historic scandal.
-CNBC.com, October 18, 2010
(I learned a new term from this article. Scripophily is the hobby of collecting and studying antique stock and bond certificates.) |
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Art Fair Shipping Tips from AXA | |
AXA Art Insurance is a big sponsor of international art fairs. The insurer reminds us that while the hurried pace of events at fairs may result in overbooked schedules, it should not result in the relaxation of best business practices, especially in the area of packing and shipping artwork.
Before deciding how to ship artworks, a few preliminary questions should be answered in advance:
- How fragile is the work and how will it be handled in transit?
- Who will supervise the loading of the work?
- Will you or the person receiving the work provide packaging?
- What are the appropriate packing materials? This is often determined by the surface of object to be shipped or the duration of the shipping.
- What is the planned method of shipping? Commercial transport by cargo van or air transport?
When shipping to a trade show or art fair, it is imperative to clearly label items and include the exhibitor's booth number and contact details of the sender and recipient. The following is a checklist for labeling:
- Write your name on the exterior sides of all shipping containers using permanent marker.
- Cover any paper labels with clear tape.
- Identify your containers as "Fragile" (your shipping company can supply "Fragile" stickers).
- Identify where you would like the container to be opened by writing "Open This Side" or "Open Here".
- Include packing and unpacking instructions.
When choosing a shipper it is important to remember that you often get what you pay for. It is advisable to choose a fine arts shipper with a solid reputation and experience with a variety of artwork. If you choose a shipper based on cost alone you may be disappointed by the results.
-by Colin Quinn, Director of Claims Management and Loss Control Services, AXA Art Insurance |
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Jewelry Theft Jumps After Holidays | |
According to the Chubb Insurance, jewelry claims are 15 percent higher in December and January than at any other time of the year. (Claims are 8 percent higher than in February, despite the popularity of jewelry as Valentine's Day gifts.) Nothing can ruin your holiday memories faster than realizing that a new piece of jewelry is missing.
 In the first flush of sentimental joy, could there be anything less romantic than asking how much a ring cost? But if that ring is nice enough to make you tear up, it probably should be insured. Tell the gift giver that you appreciate their gift so much that you want to be certain that it is properly insured.
-New York Times, December 24, 2010 |
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Winter Driving Tips from The Hartford | |
For those of us living in the Great White North, it doesn't hurt to refresh our winter driving skills. Follow the link to a video with some safe driving tips from the Hartford, one of our insurance partners:
Hartford Driving Tips |
The Johnsonese Brokerage can assist you with most of your art insurance needs. To get started immediately call 773.857.0242 or Email info@johnsonese.com. Happy New Year! Christopher Johnson |
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About the Johnsonese Brokerage | The Johnsonese Brokerage LLC is a licensed and bonded independent insurance agency focused on insuring the creative community.
Who we insure:
- Creative Businesses
- Art Galleries & Consultants
- Antique Dealers
- Appraisers & Conservators
- Artists
- Photographers
- Framers
- Furniture & Design Dealers
- Art & Antique Fairs
- Cultural Institutions
- Museums
- Libraries & Archives
- Historical Societies
- Non-Profit Art Galleries
- Monuments
- Historic Buildings
- Collectors
- Corporate Collections
- Art Collectors
- Antique Collectors
- Stamp & Coin Collectors
- Sport Memorabilia
- Classic Cars
- Wine Collections
Upcoming Events:
Creative Chicago Expo 2011, March 12, 2011, Chicago Cultural Center
Association of Midwest Museums annual conference, July 25-26, 2011, Chicago
We are licensed in the states of California (license #0G69323), Florida, Illinois, Indiana, Kentucky, Maryland, Michigan, Minnesota, Missouri, New Jersey, New York, Ohio, Pennsylvania, Texas and Wisconsin. How are we doing? Your feedback is always welcome!
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Common Insurance Terms
1. Business Income Interruption
Insurance that pays for loss of earnings when operations are curtailed due to loss of business property
2. Errors & Omissions
Insurance that pays for losses due to professional errors and oversights (also called Professional Liability)
3. EDP Coverage
Insurance for Electronic Data Processing equipment (more commonly called computer equipment) and related storage devices and software |
Our Business Partners
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AmWins -
AXA -
Chubb -
CNA -
Hartford -
Insurance Noodle -
Markel -
Philadelphia -
Risk Placement Services
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