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The valuation of fine art may seem like an abstract principle, but it is no less important than checking the smoke alarms in your home or the brake fluid in your family car.

The later two may also have carry potentially fatal risks, but in terms of cost, fine art valuation is essential.

For any harbouring apprehensions with stumping up the required funds to have your prized art collections professionally inspected, let me remove any hesitations.

The value of a collection, to anyone besides a qualified art dealer, is somewhat of a mystery. Any estimation’s would be purely guesswork, so it is vital to know what your canvasses would fetch at auction.

Why I hear you ask? Because this gives you a direct indication to whether or not you need to insure your goods.

If you are in possession of Rembrandts self-portrait or Malevich’s ‘Black Square’ then you probably have an indication that you need it insuring, as it is likely to be worth more than the street you live on.

However there are thousands of pieces in which the appreciation is not so easily ascertained. Therefore, you could quite conceivably be sitting on a rough diamond that is not insured against any sort of loss.

This service can also help guide you through a hazardous process, if in fact, you are in possession of a hidden gem. Secure storage, transportation and recommended auctions are all benefits from contacting a dealer for valuation.

This twinned with the recent spate of fine art thefts underlines the importance in getting your collection viewed. The charge of valuation is relatively small in comparison to the loss of such a precious relic, forever.

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