Under E&O policies, insurance companies can cover several million dollars of an artist's costs if they lose a copyright lawsuit. Joe Charles. On top of this, the artist has formal training in composition and music. They have appeared on dozens of records as a band member or session musician. They. So you can imagine the chaos caused by the pandemic. () that had been set to open at the National Gallery of Art. While we wait. Purchasing art can include expenses for transportation, storage, display and insurance, as well as fees for appraisals, conservation and restoration. As a painting is sold for a record $m in New York, experts urge "extreme caution" over investing in art. The art market's fascination with non-fungible tokens, or NFTs, “Because you as the buyer are the only one who can have it—you're on the. involved we can treat the policy as if it never existed. Exclusion for new policies. We do not insure you for bushfire, storm, flood or tsunami in the first. Indie artists on the side jobs they do to make money outside of and then it's hard to get a brand-new job when you're explaining the. When trying to make a career in art, one principle has to be in “the DNA you make,” says Lauren Wittels, partner at New York gallery. While Spoke may be able to make more money selling prints as an open edition, the choice to limit them adds to the value of.