Amanda Gray has commented on the impact of Brexit on the art market for The Art Newspaper.
Amanda said: “The additional hurdles placed on the movement of art have proved burdensome - import and export controls, temporary import, ATA carnet controls, import VAT - all have required complex navigation by stakeholders, not seen pre-Brexit. Gallerists and collectors have borne the brunt of the further layers of administration resulting in additional cost, uncertainty and delay.” Amanda also commented that while Mishcon de Reya has worked with its clients “to unravel many of the direct and ancillary issues that can arise, decisions to loan or transact have notably been impacted.”
Read the full article