Brexit and no end: The withdrawal of Britain from the EU art market tremble. The biggest loser: the art of the trade metropolis of London. And to the Annoyance of the art dealer also, much is written in the stars.
The British capital is the most important trading place in the world. A fifth of the global art sales were generated here in 2017 – approximately 13 billion US dollars, almost twice as much as in the entire EU area. This will change with the Brexit? “Hard to say,” says Henrik Hanstein, head of the Cologne, Kunsthaus Lempertz, and the Chairman of the European Federation of Auctioneers (E. F. A.), the Federation of European art auctioneer, in an Interview with Deutsche Welle. A clear ‘ no ‘ sounds different.
“We do not yet know in what Form the English go out,” stresses Hanstein, “it is possible that you remain still for a long time in the customs Union.” So it looks like at least the – from the British house of Commons on several occasions rejected the opting out of the contract. “But you don’t want to probably sign it.” Then it looks currently is actually, on the contrary. London is divided, plays on time and to a fair Brexit apply avert in at the last Minute, a displacement of the exit.
Henrik Hanstein
London experienced art Exodus
Although Hanstein is in no doubt the British withdrawal will. However, the auction expert “issues expected” for the trade in London. “You relate well to and fond of one-third to 40 percent of their goods from the continent,” says he, “only 20 per cent sell on the continent.” This could be difficult, believes Hanstein. He feared an “Exodus” of goods.
The, it seems, has already begun. Still a lot to be said for trading place on the river Thames, especially the favorable legal framework, the rich high density of super and an attractive cultural infrastructure. However, responding to the self-conscious London-based the art on uncertainties: A “PreBrexit-Move” will have potent collector and gallerist, Hans-Ewald Schneider, Manager of the art Spedition Hasenkamp. “Many private collectors bring in their assets in the EU, unhindered.”
Hans-Ewald Schneider
Art transports are more expensive
A challenge for the Cologne transport company: For what to do with the many works of art, for it takes a special, well-secured and in a temperature-controlled warehouse? “We have layers in-house, so between our locations in Europe,” says Schneider, “and, if necessary, we rent capacity.”
Additional border controls, customs formalities, and long waiting times at the borders will have to follow. “The art of transportation is more expensive,” Schneider sure. “We’ll make it like 40 years ago: the truck is driving to Calais and makes the customs clearance, by boat and makes a customs clearance.” Every day lost at the border cost the haulier, between 1,500 and 2,000 euros. Conclusion Schneider: “This is a Brexit is a nonsensical waste of resources.”