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Thank you for the replies guys. I have a much better idea of the ways in which we can start doing this now.

Thanks again

Arran Rees

Collections Assistant / Cynorthwy - ydd Casgliadau

 The Cardiff Story / Stori Caerdydd

Telephone / Ffon: 02920871030

Email / Ebost: [log in to unmask]


From: Social History Curators Group email list [mailto:[log in to unmask]] On Behalf Of Jenny Brown
Sent: 20 May 2011 09:46
To: [log in to unmask]
Subject: Re: [SHCG-LIST] Insurance

 

Hello all,

 

We are required to put an insurance value against every item when we accession it, which I suspect may be due to the fact that the service has significant fine and decorative art collections but the rule is applied without exception.  This insurance value is supposed to include the cost of staff time to locate a replacement.

 

I found this especially challenging when I started, never having had to do this before.  On the whole, if it is a common item without a particular provenance I give it a nominal value but for items which are collectible or are made of metal (scrap values are high for certain metals!) I would do a little more desk based research - eBay is actually very useful, in addition to the usual Miller's guides.

 

To give an example, I had a recent enquiry from America regarding this item on our website:

 

In the course of our exchange he sent me a link to an eBay auction, where a very similar set had sold for $349 earlier this year, so I increased our valuation from £15 to £300 (!).  It is difficult to judge, and it might be that we would not replace it if it was lost because we have it because of it was from a local resident, but it is American made and doesn't meet our collecting policy without this provenance. 

 

This is a really interesting discussion - insurance values tend to muddy the water between historical and financial value, the tendency to insure at higher values for the irreplaceable local items but the fear that local authorities under pressure get pound signs when something is insured for thousands of pounds.

 

Jenny

 

 

Jenny Brown

Curator (Industry)

 

Museums and Galleries
Education, Culture and Sport
Aberdeen Maritime Museum
Shiprow
Aberdeen AB11 5BY

 

E-mail: [log in to unmask]
Direct Dial: (01224) 337719 or (01224) 523650
Direct Fax: (01224) 213066

 

Visit www.aagm.co.uk to search Aberdeen Art Gallery & Museums Collections.

 

Visit www.aberdeenquest.com for our young persons' guide to the Aberdeen Art Gallery and Museums

 

 



>>> Institutional mbr 2 Maggie Wood <[log in to unmask]> 20/05/2011 08:31 >>>
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Dear Arran,
Here at the Warwickshire Museum Service we have never insured entire collections, in any discipline.
We have identified a limited number of objects and specimens that are important (not just in financial terms, but because they have significance for the story of Warwickshire) and these are the items that go on our insurance schedule.
For some of these we have had independent valuations from reputable outside specialists, although there's a cost to doing this - for example, several textile items have been valued by Bonhams because we just don't know the appropriate value ourselves .
With most of the items on our insurance schedule, the insurance would pay for repair and conservation in the event of damage - not the replacement of the object itself.
Interested to hear what other people do!

Kind regards,

Maggie Wood
Keeper of Social History
Warwickshire Museum Service



From:        "Rees, Arran" <[log in to unmask]>
To:        [log in to unmask]
Date:        19/05/2011 16:45
Subject:        [SHCG-LIST] Insurance
Sent by:        Social History Curators Group email list <[log in to unmask]>





This is an email sent via the SHCG List. If you reply to this message, your message will be sent to all the people on the list, not just the author of this message. ---------------
Hello all.
 
Big question.
We are trying to sort out insurance on our collection as a whole and need to put a value on all of our social history objects. This is quite difficult as we see the value in terms of its significance to people and history, but we need to look at it in terms of money.
Have any of you recently had to deal with this and if so, would you mind sharing some ways in which you went about valuing your collections?
I’d really appreciate any input.
 
Many Thanks
 
Arran Rees
Collections Assistant / Cynorthwy - ydd Casgliadau
 
The Cardiff Story / Stori Caerdydd
Telephone / Ffon: 02920871030
Email / Ebost: [log in to unmask]
 

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