In the past 18 months [written in April 2003], museums' insurance rates have shot up as much as 50 percent, and in New York, where museums borrowing works from abroad have had to buy costly terrorism coverage, they've doubled. At the same time, the price of shipping art is rising, in part because of higher air freight costs and the increased demands of lenders reluctant to let their art travel at a time of global unrest.Etc. There's some useful stuff there for you. (Source: Museum Security Network and Museum Security Mailinglist)
"I think we're going to be doing fewer exhibitions," said Harry Parker, director of San Francisco's Fine Arts Museums, where shipping and handling costs for some shows have risen by a third.
The museum recently canceled "The New Barbarians," an exhibition about the roots of Russian abstract art that was scheduled to open at the Legion of Honor in June. Coming from Russia by way of Baltimore, the show was going to cost about $250,000 to bring in and about $150,000 more for marketing, installation and additional insurance. (Like many international shows, it was covered by the National Endowment for the Art's indemnity program, without which many exhibitions probably wouldn't happen.)
posted by AmbroseChapel at 12:43 AM on March 23, 2006