Hurricane Sandy Still Wreaking Havoc on the Art Industry

As clean up from Hurricane Sandy continues, the art galleries of New York are reporting record losses. Reuters reports that art insurers may be paying claims up to a half a billion dollars in damages from storm flooding. But with a storm like Sandy of unprecedented strength and reach, could this have been avoided?

Some galleries took precautions to prepare for the storm, like moving artwork higher on walls, but even this wasn’t enough when Sandy’s flood waters raged through the Chelsea neighborhood of Manhattan. Numerous galleries experienced flooding up to six feet in the main floors of their showrooms, not to mention the surging flood waters that wreaked havoc on basement and warehouse storage units filled with art work. Continue reading