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Collecting
Native American Art
FAQ
What determines
the price of a piece of Native American Art?
There are many factors in discerning
the value of a piece of Native American Art. These include:
- Time period
- Area or tribal origin
- Workmanship
- Materials
- Historical importance
- Documentation
- Rarity
- Design motifs
Is Native American
Art a good investment?
Fine Art can be a wise investment,
for there exist an increasing demand and a limited supply. Yet,
Native American Art in particular is less limited in supply. Regardless,
collecting art for the purpose of investment must be carefully
considered. You must understand that art is a long-term investment.
It can be protection from inflation, but appreciation usually
occurs over a large span of time.
Why is appraisal
so important?
Many items have limited coverage in a standard
homeowner's insurance policy and require additional coverage.
To add extra, specific coverage for a valuable item, the item
needs to be appraised. Items also need to be assigned a value
for purposes of estate planning and when donated to a not-for-profit
organization.
What should I appraise?
You should appraise items for which values
may not be more readily obtained by other means, such as original
artwork, and any item especially important to you.
How do I properly
insure my art?
Art should be insured separately from ordinary
contents and should be appraised regularly. Ordinary home insurance
or commercial building insurance is not designed for such coverage.
Inland Marine insurance is the standard insurance for art, antiques,
jewelry, antiquities and rare irreplaceable items. This type of
insurance has its own rules and regulations, and it must be sought
out by the consumer.
What are the legal
aspects of collecting Native American Art?
Please see our page entitled The
Law.
What Native American
items are prohibited from collecting?
Certain antique objects made by Native Americans
are not allowed to be sold in today’s marketplace. These
objects usually include illegal materials, such as feathers and
animal parts that violate various endangered species laws. Other
factors in legality are due to title questions on certain ceremonial
objects and their illegal excavation.
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