CHRISTIE'S HAS BEEN EXPANDING ITS SERVICES LATELY. THE AUCTION HOUSE HAS BEEN EXPANDING ITS ART STORAGE SERVICE BUSINESS AND NOW IT WILL BE OFFERING COMPLETE COVERAGE FOR COLLECTORS WHO WANT TO INSURE THEIR VALUABLES, HOMES, CARS AND OTHER POSSESSIONS UNDER A SINGLE POLICY. CHRISTIE'S INSURANCE SERVICES IS IN PARTNERSHIP WITH HEATH LAMBERT AND CHUBB INSURANCE AND WILL BE OFFERED TO CHRISTIE'S PRIVATE CLIENTS WHO HAVE SPECIALIZED NEEDS WHEN IT COMES TO STORING AND TRANSPORTING VALUABLE ART. THE SERVICE WILL ALSO OFFER AUTOMATIC COVERAGE ON ANY NEW PIECES PURCHASED THROUGH CRISTIE'S. THE TIMES ONLINE QUOTES ADAM PRIDEAUX, AN ART INSURANCE BROKER AT HEATH LAMBERT, WHO INDICATED THAT THERE WAS A NEED FOR THE SERVICE BECAUSE, DUE TO THE ECONOMIC DOWNTURN "THERE HAVE BEEN CONSIDERABLE PROBLEMS FOR THE ART INSURANCE MARKET DUE TO PRESSURES ON CAPACITY AGAINST THE EXCEPTIONAL PRICES OF CERTAIN WORKS." CHRISTIE'S ALREADY OFFERS A VALUATION SERVICE AND WILL NOW HAVE RISK MANAGEMENT ADVISE FOR THOSE NEEDING COUNSEL ON HOW TO PRESERVE THE VALUE OF THEIR COLLECTIONS. AT FIRST THE INSURANCE WILL BE ONLY AVAILABLE TO CLIENTS I LONDON AND THOSE IN EUROPE WHO ARE SERVICED FROM LONDON.
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