Art Market Monitor

Global Coverage ~ Unique Analysis

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

UK Art Export Licenses Down 15% to £1.7bn

January 31, 2014 by Marion Maneker

The UK’s Department of Culture, Media and Sport has issued a report on the works of art that have received export licenses and the volume is declining year over year from £1.9bn for the year ending in April 2012 down to £1.7bn for the year ending in April 2013. These number include a wide range of cultural property but in art terms the numbers were:

Paintings, foreign £489m

Paintings, British, modern £463m

Drawings, prints, watercolours £187m

The Guardian covered the report:

Ed Vaizey, the culture secretary, personally intervened to try to prevent the sale of 19 of the most culturally important items, but was only able to save six of the cheapest for the nation.

Among those lost despite Vaizey’s efforts were Picasso’s Child with a Dove, which the Spanish artist painted when he was just 19 and is considered one of his most important works.

The painting, which had been in British hands since 1924 and was on loan to the National Gallery, was sold at auction at Christie’s for £50m to a Qatari collector. It was sold on behalf of the Aberconway family in Wales, who were bequeathed the painting in 1947 following the death of art collector Samuel Courtauld.

Raphael’s drawing Head of a Young Apostle, which the Renaissance draughtsman created in about 1519-21, was also issued with an export licence after no British buyer could match the £29m New York billionaire Leon Black offered for it at auction.

Picasso among trove of UK-owned artworks sold overseas in 2013 (Guardian)

More from Art Market Monitor

  • Ferrari Sold for $16.5m Provokes Lawsuit to Resolve Convoluted Ownership DisputeFerrari Sold for $16.5m Provokes Lawsuit to Resolve Convoluted Ownership Dispute
  • Most Successful Art Fund Trailed InflationMost Successful Art Fund Trailed Inflation
  • Detroit Emergency Manager Admits Grand Bargain Produced Unexpected Contribution to Detroit’s FinancesDetroit Emergency Manager Admits Grand Bargain Produced Unexpected Contribution to Detroit’s Finances
  • Sotheby’s $55m Monet Grainstack to Appear at May SaleSotheby’s $55m Monet Grainstack to Appear at May Sale
  • Sotheby's Turkish Cont = £2,332,175Sotheby's Turkish Cont = £2,332,175
  • The House That . . .The House That . . .

Filed Under: General

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