All tagged due diligence
Maja Wegrzynowska is Director of International Sales and Vice-President of the Beare's International Violin Society. She is also an Associate of the Royal Academy of Music. The Art Provenance Research blog caught up with her to ask her about due diligence procedures in the market for fine stringed instruments.
Every now and then when we are asked to research the provenance of a violin, we acknowledge the added challenge involved in conducting due diligence on objects that do not fall under the ‘fine-art’ umbrella. Today we sit down with Jason Price of Tarisio Fine Instruments and Bows auction house to find out how their due diligence practices differ from ours.
The issues pertaining to provenance and authenticity of luxury goods extend beyond fine art, watches and jewellery. Classic cars feature prominently as an alternative investment and a good ‘buy’ can yield astronomically high dividends. According to the Knight Frank Luxury Investment Index, the 10-year return of investment in this class of assets is estimated at 289% beating art, jewellery and watches.
