Thank you Cheryl Karim and Ellen Hoener Ross of Gallagher for inviting me to speak this week to your young collector group. It was an honor to lead the group, and it was an exciting moment to do so, at the end of The Art Business Conference day, with so many interesting conversations fresh in mind.

The talk dealt with strategies for starting an art collection and navigating the complexities of buying art at galleries and at auction, and caring for a collection.

Among the issues discussed were: 1. defining the parameters of a collection; 2. factors that might signal potential market growth; 3. the relative advantages of buying art at auction vs. in retail contexts, for different types of work; and 4. assembling the right team to help you with your collection, including but certainly not limited to an advisor, an insurance broker, a framer, an appraiser, and logistics experts.

PRMA: East Coast Private Client Catastrophe Planning Session

It was a pleasure speaking to the East Coast Chapter of PRMA about partial loss-in-value appraisals at the Gallagher offices in New York. Below is a slide from the presentation that summarizes some of the factors that can affect the relative loss in value (LIV) sustained by a work of art that has been damaged.

PRMA, New York Metro Chapter: East Coast Private Client Catastrophe Planning presentation

I will be speaking about partial loss-in-value art appraisals in the Private Risk Management Association (PRMA), New York Metro Chapter's East Coast Private Client Catastrophe Panning presentation on March 19, joining experts in adjacent fields to address this important and timely topic. Sign up here. Full event description below. I look forward to seeing you there!

Please join the NY Metro Chapter of the Private Risk Management Association (PRMA) for an enlightening panel discussion focused on catastrophe planning within the private client insurance sector. This event promises to be an invaluable opportunity for professionals seeking to deepen their understanding of risk management strategies. During the panel discussion, industry leaders will address the unique risks faced on the East Coast and explore key considerations for effectively managing these risks on behalf of our clients.

In addition to the panel discussion, the event will feature a Risk Management Gallery, where subject matter experts will be available to share their insights and expertise on topics such as disaster mitigation, post-loss fine art appraisals, and textile restoration.

We look forward to your participation in what promises to be a highly informative and engaging event.

Space is limited. Please register as soon as possible to guarantee your spot.

We will be providing delicious food and drink for all attendees as well. Hope to see you there!

The NY Metro Chapter Committee Members:

Kurt Thoennessen, CAPI – Arthur J. Gallagher & Co.

Dana Acabbo - Make the Switch Insurance

Mike Smerkanich, CAPI, CPRIA – WTW

Kathleen Atkins – Hub Private Client

Jennifer Brown – Art Peritus

Hannah Noel Brudnicki – Nomadx

Hannah Iversen, CAPI, CPRIA – NFP

Kelley Beach - Marsh McLennan Agency

Alex Horowitz - Berkley One

Michael Kelly - Smith Brothers Insurance, LLC. USA

Kevin F. Madden - Amwins

Chris Martens – Assured Partners

Zyggi Nemzer, CAPI, CPRIA - USI Insurance Services

Phillip Rehg, CPCU, CPRIA - HUB International

David Shapiro – David Shapiro Fine Art

Alison Sweeney – Distinguished Fine Art & Collectibles

Jennifer Najeer – Arthur J. Gallagher & Co.

Jake Dimitro – Fabric Renewal