The Art of Collecting

When passion and pricing collide

June 1, 2018

Architectural Digest

Today’s collectors are passionate about the pieces they buy. It is often as much about the emotional connection they feel to a piece as the potential monetary gain. They are buying works of art that speak to them. They revel in the fact that they will be the custodian of a unique piece until it is passed to a new collector, or that it will be treasured within their family for generations to come. “Many people find it more rewarding than investing in the stock market,” says Claire Marmion, founder of The Haven Art Group, a wholly owned subsidiary of Privilege Underwriters, Inc., a member of the PURE Group of Insurance Companies.

Experts like Marmion have seen an uptick in their clientele base as young and emerging collectors look to them for guidance in building and protecting their collections. “Today’s art market is significantly more complicated to navigate than years past,” says Marmion. “For example, contemporary artists work in avant-garde mediums, such as dried blood, gum, and even human hair, that can’t be protected and preserved the way a traditional oil on canvas would be.” This is where Marmion and PURE come in. “We work together with independent brokers and wealth managers to expand coverage that will work for the individual’s collection based on its unique needs.”

Read the article(opens in a new tab).

There's a lot going on at McGriff

View our newsletters, white papers, webinars and more.

McGriff Insurance Services, Inc. is a subsidiary of BB&T Insurance Holdings, Inc.

McGriff Insurance Services, Inc. CA License #0C64544.

Insurance products and services offered through McGriff Insurance Services, Inc., a subsidiary of BB&T Insurance Holdings, Inc., are not a deposit, not FDIC insured, not guaranteed by a bank, not insured by any federal government agency and may go down in value.