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It was hard to believe when the French president announced after the 2019 fire at Notre Dame in Paris that the church would be reopened to the public after five years. At least in Germany, people have become all too accustomed to drastic budget and schedule overruns on public construction projects: the Elbphilharmonie, Berlin Airport, Cologne Opera House... to name just a few. On 8 ... read more
A few days ago, we were asked by an insurer whether we could name the premium volume for art insurance in Germany. The answer is difficult, because the German Insurance Association only roughly records about 50% of the market premiums by product. In addition to art insurance, the contributions are hidden in transport insurance, home owners insurance or industrial property insurance. A conversation with one ... read more
Transport represents a particular risk for works of art. That is why the insurance industry tries to formulate its terms and conditions in such a way that the policyholder must ensure that the things are covered by the chosen method of transport and the chosen conveyance appropriate for the chosen route. The value also plays a role, albeit a subordinate one. The selection of a ... read more
Last Monday, we were invited to the Gesellschaft für Moderne Kunst in Cologne to discuss local issues such as Cologne's declining image as an art city, global issues such as if and when Paris will replace London as the capital of the European art trade, and whether Art Basel might seek its centre in Paris, as well as the art market in general and its ... read more
Consumer advocates are a special breed. Especially when they are organised in small units and yet have enormous influence on politics and public opinion through the press. It's nice when a warning lawyer or association threatens the supposedly economically stronger. Now it seems to be directed against the concept of 'independence' of insurance brokers. They are supposedly not independent because they receive commission for their ... read more
Brandenburg – the state that includes Berlin's commuter belt – has voted: only four parties will be represented in the state parliament. The Left, the Greens, the Free Voters are all out, and a party with 40 members in the state has received more than 13% of the vote without a really visible programme. BSW, controlled by the resurrected Rosa Luxemburg in the form of ... read more