Would Brexit destabilise the art market?

APOLLO | Pierre Valentin and Frank Partridge:

On 23 June, the British public will vote to leave or remain in the European Union. Would a ‘leave’ vote spell disaster for the UK’s thriving art trade, or open up new opportunities to it? Yes. Pierre Valentin: If the outcome of the referendum in June is that the UK leaves the European Union, how will this affect the British art market? I am not as concerned about the immediate aftermath of Brexit as I am about the longer-term consequences of a divorce from the EU. I expect that Brexit would trigger a significant drop in the value of sterling against other currencies. This, in the short term, would make buying art and antiques in the UK more attractive… Read more

Image: Illustration by Graham Roumieu/Dutch Uncle

2018-10-23T18:23:10+00:00