London dealer Roger Keverne
Roger Keverne, London dealer and chairman of Asian Art in London.

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“Despite the difficult situation, this could be an opportunity for the UK government to cut through some of the red tape faced by the British art and antiques trade.

“This is an industry that brings billions to the UK economy. Imagine the flow of goods to and from London if the 5% import VAT were lifted, if the threshold for export licences from the UK were raised above £41,670 for anywhere outside the European Union, if the Artist’s Resale Right could be removed, and if the paperwork for export documents were simplified.”

For further trade reaction to the Brexit vote, see the Opinion section of this week’s ATG print publication.