The UK and European Union now face an uncertain future, with cross-border controls a key concern for exporters and importers as politicians debate memberships of the single market and customs union. What does this mean for the art market and its insurance needs?
Ian Butchoff, who deals in high-end antique furniture and works of art from Kensington Church Street in London, believes that uncertainty is the biggest problem.
“I recall trying to export things before the EU was born and it was a nightmare. You couldn’t sell things speculatively in Europe. You had to have proper proforma invoices,” he says.