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The United Buddy Bears exhibition in Kuala Lumpur, Malaysia, featured 143 painted bears similar to the bear sold at the auction

A contents specialist was recently asked to assist with a claim that revolved around damage to a sculpture. The sculpture was a stylized, life-sized bear made of fiberglass with a multicolored painted finish. This whimsical bear had been created for a festival parade. Painted blue with a flower power theme, it was sold at a charity auction to benefit the nonprofit sponsor of the event. The owner, who was smitten with the sculpture, was also a strong supporter of the nonprofit, and generously bid $30,000 to win the sculpture. He immediately sent the receipt to his insurance broker to add the bear sculpture to his HO policy. It was insured for $30,000. He then positioned the bear in his garden to dress up the back yard and to keep out animals.

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