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Non-Marine Insurance, “By Fabergé” Antique Clock

The judge agreed with our clients, concluding that the claimant did not have reasonable grounds to believe the piece was by Fabergé. The claim against insurers was dismissed in its entirety.

Ince & Co represented Lloyd’s underwriters in a dispute arising from damage sustained during the transportation of items to and from a fine art exhibition in the USA.

The claim was for the cost of repair and depreciation in value of an antique clock described by the insured dealer as “by Fabergé” and valued accordingly. Ince defended the case on the basis that our clients had been misled as to the clock's provenance. The art dealer claimant's representation implied that the clock was generally accepted by the art market as being an authentic Fabergé piece when this was not the case. Indeed its provenance had been robustly challenged by one expert before the insurance contract was placed.

The judge agreed with our clients, concluding that the claimant did not have reasonable grounds to believe the piece was by Fabergé. The claim against insurers was dismissed in its entirety.