Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Cultural Property a Booming 13bn GBP Export for UK

January 31, 2014 by Marion Maneker

Canaletto, London, The Thames Towards Westminster Bridge

The UK’s Ministry for Culture, Media and Sport’s report on the export of objects of cultural interest has some interesting and revealing numbers. Although the value of works given export licenses has declined 15% from April 2012 to April 2013, the overall value of culture property exported has risen 11%.

In the year ending April of 2012, the Brits exported £11.9bn worth of cultural property; in the year ending in April 2013, the export figures were £13.2bn.

The vast majority of those items were imported into the UK within the last 50 years. So the nation as a whole has been profiting from its previous wealth and acquisitions. This report doesn’t include figures for importation but it is likely that the UK is a net exporter of art.

UK Govt Report on Export of Objects of Cultural Interest 12-13

More from Art Market Monitor

  • Morely Safer Had an Unerring Eye for Cont Art (Even If He Hated It)Morely Safer Had an Unerring Eye for Cont Art (Even If He Hated It)
  • The Fishers Fold InThe Fishers Fold In
  • Christie’s Puts Bacon Higher in Auction Line Up at Last MinuteChristie’s Puts Bacon Higher in Auction Line Up at Last Minute
  • Knoedler Forgery Trial Opens MondayKnoedler Forgery Trial Opens Monday
  • Public Sex Tribute to KlimtPublic Sex Tribute to Klimt
  • Cleveland Goes ContemporaryCleveland Goes Contemporary

Filed Under: Economic Trends

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...