Updating the data in one’s inventory of artworks and collectibles is essential for optimal collection management. Without regular updates, information becomes outdated, potentially compromising both the value and protection of the assets. This reassessment, the cornerstone of collection management, offers several essential benefits:
- Tracking the fluctuation of collection values: Maintaining a historical record of data allows for monitoring market trends and value fluctuations of the pieces. Knowing the current value of items is crucial for making informed decisions, whether for sales or donations, or simply for having a knowledgeable overview of one’s collection.
- Adjusting insurance coverage: Regular appraisals make it possible to adjust insurance premiums according to the collection’s current value. This ensures you are not overpaying while still being adequately covered.
- Verifying data associated with each item: Updating data is an opportunity to review the information related to each artwork, such as location, conservation status, or potential errors in records. This vigilance helps ensure each piece is appropriately protected.
- Enhancing the database with photos and documents: Updating also provides a chance to add recent photos and relevant documents for each item, creating a comprehensive and accurate database for the collection.
At PSPI SA, we have a department specializing in art collection management. Thanks to our expertise and our network of professionals, each inventory we manage is updated annually as part of our dedicated insurance policy renewals.
Additionally, we offer our clients the JEMA mobile app, available on Android and iOS. This tool allows you to access your inventory directly from your phone, providing clear visibility over your collection and simplifying its management. With JEMA, and with the support of PSPI SA, you ensure optimal management of your collection, guaranteeing that each piece is always protected, under any circumstance.
Nicolas Stajic
