RIS Title Insurance Corporation, the underwriter and insurer of title insurance for collectibles and art, has introduced a new service for title risk assessment of artworks for potential buyers called Know Your Title. This product was introduced as a result of the company seeing a flood of pre-sales inquiries, as buyers and/or future sellers want to mitigate potential risks beforehand. ARIS researchers now look into litigation associated with sellers, questions of ownership, possible instances of theft in an artwork’s history and other risks. Therefore, ARIS wants potential future sellers to know exactly what they’re getting themselves into, before they purchase artwork.
Title risk assessment of artworks