London’s Art Dealers Brace for Bargain Hunters Amid Brexit Chill

Katya Kazakina | Bloomberg | 25th June 2016

An auction just before the Brexit referendum saw disappointing results, jangling nerves about bigger auctions to come. Does Brexit threaten London’s position in the art world? Will sellers pull works from auction given the uncertainty? Will a lower pound help or hinder sales? And what impact on artists? “This divorce will cost a lot of money, and there will be less money available for culture.”