Trade bodies team up for training
The three main trade associations, representing art and antiques dealers across the UK, have teamed up to launch further Anti-Money Laundering (AML) training for members.
The Association of Art & Antiques Dealers (LAPADA), The British Antique Dealers’ Association (BADA) and The Society of London Art Dealers (SLAD), representing more than 700 dealers, are working with Rakhi Talwar, an independent Anti-Money Laundering consultant, on a series of initiatives.
The move follows an earlier collaboration in 2020 when they produced an Anti-Money Laundering Toolkit for dealers.
This time Talwar has produced a series of short films for members to use for staff AML training.
The films take account of the latest Treasury-approved Guidance on Anti Money Laundering for UK Art Market Participants issued by the British Art Market Federation in June 2022.
The films explain what anti-money laundering is; highlight the obligations of dealers under the various regulations; show how to conduct the required ‘know your customer’ checks and provide handy hints.
TEFAF reveals dates for NY event
The European Fine Art Fair (TEFAF) has announced new dates for its New York event.
TEFAF New York takes place at Park Avenue Armory, 643 Park Avenue, on May 12-16, with May 11 by invitation only.
More than 90 exhibitors will stand from around the world of fer ing Modern and Contemporary art, jewellery, antiques and design.
BBC keeps Antiques Roadshow contract
BBC Studios has retained the contract to produce Antiques Roadshow fol lowi ng a competitive tender process.
The tender was launched in June 2022. In a statement the BBC said: “BBC Studios’ bid scored highest against the published criteria – across editorial proposal and capability, value for money, how it delivers against the BBC’s strategic priorities, and risk.”
Presented by Fiona Bruce, alongside a team of experts, the contract is for 18 episodes over two years.
Catherine Catton, head of commissioning, factual entertainment and events, said: “This was a highly competitive bidding process and we would like to commend all the eligible producers for the high quality and comprehensive bids they put forward.”
Heritage celebrates record sales total
Heritage Auctions has reported sales of $1.45bn (£1.2bn) for 2022 – a record high for the 46-year-old Dallas firm.
The total comprised $1.07bn in auction sales with the remaining $380m in private sales.
Heritage said US coins brought in $310m in sales and sports totalled $180m.
L&T auction will benefit St Barnabas
Auction house Lyon & Turnbull is hosting a charity sale of Contemporary art to raise funds for The House of St Barnabas.
The charity has helped Londoners affected by homelessness since 1862 and is well known for its Grade I-listed townhouse in Soho which includes remarkable rococo plasterwork interiors and other architectural features.
The charity changed its name from the House of Charity to the House of St Barnabas in 1951 and in 2013 became a private members club combining a not-for-profit cultural space at number one Greek Street with an Employment Academy for people affected by homelessness.
The artworks offered at the auction have been donated by the artists themselves or by the galleries that represent them. L&T conducted a similar sale on behalf of the charity five years ago.
This sale, part of L&T’s Contemporary & Post-War Art/Prints & Multiples sale on January 11, includes works such as a painting by Ian Davenport (b.1966). Lift 2021 is an example of one of his colourful ‘puddle’ paintings.
Produced in a printed edition of five, this number one edition is estimated at £3000-5000.
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The amount paid by the National Portrait Gallery for a Victorian underground toilet block in central London which it plans to convert into an exhibition space. Located on a traffic island near Leicester Square, it includes an above-ground entrance booth which was previously used as a theatre ticket kiosk.