Following my recent webinar, Private Risk Management Association (PRMA) summarized the program in a blog post, "The Art Market is Moving Fast: Here's Why Appraisals and Insurance Matter More Than Ever".

Their blog post covers topics in the presentation including:

-- A market of extremes
--The rise and fall of emerging artists
--The risk of underinsurance
--Appraisal standards
--The expanding world of collectibles
--The benefits of staying proactive

Drawing from the webinar, PRMA has also assembled an Art Market Volatility Watchlist, alerting brokers, underwriters, collectors, and their advisors to some key points regarding shifting values in the present market.

Recommendations in this Watchlist include the following, concerning what to look for in an appraisal report and when works of fine art should be reappraised for insurance purposes.