Why has art title insurance not existed until now?
It was long thought that art title insurance was not possible because of the uniqueness of the art world, the heavy interplay of international laws and the lack of complete transaction trails.
However, over the past six years, ARIS has developed a proprietary Title Plant for works of art – the only one of its kind in the world.Combined with proprietary processes, this first-ever database enables ARIS to pinpoint potential ownership problems and to combine this information with additional investigation in order to ensure for buyers and sellers of art peace of mind.Our processes allow ARIS to identify gaps in ownership and to evaluate inherent risk within the context of relevant U.S., foreign and international laws, allowing ARIS to provide the first and only government regulated, third-party risk transfer in the form of title insurance for fine art.