While this includes everything from a Rembrandt etching to a Jeff Koons rabbit, the principles are the same. We take into account the artist, the uniqueness and provenance of the piece, the strength of the attribution, the supply/demand balance and any data we can locate from auction, gallery, and private-sale records including databases like ArtNet.
So much is included here. An 18th century French armoire, a 19th century faience tureen, an Art Deco bronze, a modern chandelier. Is there no end? There isn't. That's why we've assembled appraisers that have worked at Christie's, Sotheby's and the other great auction houses. They mine their own experience, dig into auction records, and will reach out to specialty dealers when necessary. We'll research to the nth degree to make sure our valuation is based on current market conditions.
You have a number of options for getting your fine art and antiques to us:
FedEx: Use a free FedEx label to send your fine art or antiques to us taking advantage of FedEx SameDay and FedEx Overnight Declared Value Advantage service which is tailored for shipping high-value luxury items
Collection: Depending on the value of the fine art or antiques, we can send a professional art handler to pick them up and deliver them to us with the highest level of attention and security. Of course, we'll arrange this at a time and place convenient for you
Bring your art to us: Your time is as valuable as your assets. So make an appointment and one of our expert appraisers, along with your account manager, will be ready to meet & greet and appraise your fine art or antiques as soon as you show up
Home appraisal: If you have a high-value piece of fine art or antiques or you are looking to use multiple assets to secure your loan, one of our expert appraisers can come to you to appraise your assets on location
With Borro you have the confidence of end-to-end insurance. That means your fine art and antiques are protected from the moment they leave your hands, until you have them safely and securely returned to you, once your loan is repaid.
The minimum insurance is the fair market value of your assets; never less, often more. This is provided by both our courier and storage partners, as well as our own insurance, which is provided by underwriters who are part of Lloyds of London. Need we say more?
If you send your fine art or antiques to us using our free FedEx label, your assets are insured up to the value of $100,000 for the SameDay service, and up to $50,000 for the Overnight service
For a special collection of your fine art or antiques by a professional art handler, or by a Borro employee, you are insured up to $500,000
If one of our appraisers takes your fine art or antiques with them to our valuation center after a home appraisal, you are insured up to $500,000
In special cases we will make bespoke arrangements to get your fine art or antiques to us. We will always ensure your items are fully covered
When your fine art and antiques arrive to our valuation center, they are handled under CCTV, barcoded with a unique ID code and photographed.
While your fine art or antiques are with us for the appraisal as well as for the duration of your loan, they are fully insured up to their fair market value. It will be stored in our highly secure vaults or with our specialist partners such as Day & Meyer, a firm who is nothing less than America's pre-eminent storage facility. They serve the needs of just about every auction gallery, dealer, and high-end collector in their 15 story fireproof warehouse on Manhattan's Upper East Side. It doesn't look like a storage facility on the Interstate, either. It was built in 1927 by the architectural firm Moores & Dunford, and it is considered an Art Deco masterpiece itself. Other partners we work with include CFASS, Cadogan Tate, The Fortress and Peak Fine Art, to name but a few.
When your fine art or antiques are with us, they are subject to both protection and specialist care. And when you repay your loan in full, we guarantee that we will safely return your fine art or antique in either the same or an even better condition than before.
We will provide you with a Condition Report for your fine art or antiques. This includes a comprehensive description which documents everything from the dimensions to the quality and overall condition of your fine art or antiques, along with a high resolution photograph. This is a useful document to have should you ever wish to consign your pieces to auction, or wish to have it insured
Before placing your fine art and antiques in storage for the duration of the loan, your items will be initially wrapped in the medium appropriate tissue (acetate/acid free), then packed within a custom-made crate for maximum protection. Exceptional pieces of art will be crated in a custom-built wooden case
Where needed, your fine art and antiques will be stored in a temperature-controlled environment