A newly hired security guard at an art gallery in Russia decided to fight boredom in the strangest way possible. He drew eyes on two faceless figures with a ballpoint pen in artist Anna Leporskaya’s “Three Figures” painting.
Painted in the 1930s, the painting was on display at an abstract art exhibition titled “The World as Non-Objectivity” at the Yeltsin Centre in Yekaterinburg, Russia.
The vandalism occurred on 7 Dec 2021 and was first noticed by some visitors who alerted staff about what appeared to be “small, crudely rendered eyes” scribbled on two of the painting’s eponymous figures.
According to a recent statement released by the Centre, the painting is in the process of being restored and the damage can be completely reversed.
Though the cost of restoration is estimated to stand at $3,300, the centre can rest easy as the painting was already insured for approximately $1 million.
Art Insurance covers the cost of repair of damaged artwork, such as a painting, sculpture or other collectible, or for the financial loss when the artwork is completely destroyed.
This type of insurance is taken by museums, art exhibitions, dealers, or even individual collectors. It protects the insured item against a wide range of uncertainties including physical loss/damage, theft, defective titles, international transits and a lot more!
Fine Art Insurance is not exclusive to foreign countries either! In India, it is offered by multiple insurers- HDFC Ergo and Future Generali to name a few.
How can vandalism towards other property like buildings be covered? Through RSMD Fire Insurance coverage!