eprivateclient

UK art exports on the rise

News Team, 28/10/2019

The value of art and antiques exported from the UK rose by 24 percent to £6.8 billion in 2018/19, according to HMRC statistics.  

This is an increase from £5.5 billion in 2017/18, private wealth law firm Boodle Hatfield stated.

The firm suggested this rise in UK exports is due to demand from the US fuelled by a weaker sterling against the dollar, enabling US collectors to purchase art more cheaply than before.

Exports from the UK to the US have increased by £1.2 billion in the last year to £4.1 billion, meaning the US now accounts for 54 percent of all art exported from the UK.

Additionally,...


Continue reading this article...


Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@eprivateclient.com


About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM

Subscribers

eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more