Law, crime and regulation

Following a Freedom of Information Request by Antiques Trade Gazette, the agency charged with administering The Ivory Act has issued some data on the controversial law.

Richard Beale, the owner and managing director of London coin auction house Roma Numismatics, has been arrested in New York in connection with the sale of a record-breaking classical coin.

The French art market is to fight “devastating” proposals to increase import tax on art and antiques planned by a new EU law.

Three developments stand out in the latest British Art Market Federation Guidance issued

The anti-money laundering rules, applying the Fifth Money Laundering Directive (known as 5MLD) took effect on January 10, 2020. and apply to ‘Art Market Participants’ (AMPs).

When the 2018 Ivory Act was being debated key campaigners (Born Free, many MPs including Angela Rayner and numerous celebrity supporters -notably Stephen Fry and Deborah Meaden) argued that the Act would IN NO WAY cause the destruction of antiques.

The majority of art dealers in the secondary market probably agree with Jeremy Taylor’s views on the Artist’s Resale Right (Letters, ATG No 2579) and had hoped that the Ivor Braka case (News, ATG No 2581) would be the start of a conversation.

Art dealer Ivor Braka has agreed an out of court settlement to pay Artist’s Resale Right (ARR) royalties in the UK.

Your article in ATG No 2576 speculates that London and the UK might lose their prominence if the major antiques fairs close down.

A round-up of art and antiques news from the previous seven days, including a plea from an Amsterdam antiques dealer to help find stolen stock.