fromTheartnewspaper
1 month agoArt trade seeks answers on when, where and how Trump's tariffs could hit
"I do not expect that the market will heat up in the next 90 days," Pierre Valentin, a former in-house legal counsel at Sotheby's and currently the joint head of the art law group at Fieldfisher London, said shortly after Trump's reversal in early April. "In fact, I expect buyers and sellers not to commit until this turbulent period is over. If that's right, the spring sales will suffer and the auction houses will struggle to get property for sale in the second half of this year. The fairs taking place in May and June could also be negatively affected."
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