Time is running out for the UK and the EU to reach an agreement and avoid an uncoordinated Brexit. The transition period, which began on 31 January 2020, will end on 31 December 2020. It cannot be extended beyond that date. As it currently stands, the UK and the EU are unlikely to reach an agreement by that date. We therefore urge our clients and partners to prepare for a hard Brexit. Here’s what art collectors and other stakeholders in the art world can expect in the new year: Both points will add complexity to any shipment between the UK and the EU and require additional paperwork. Art collectors and stakeholders should therefore plan ahead. You will need more time to prepare these shipments and increase the budget to cover any additional formalities. Here are the main action points that you should take care of now in preparation for Brexit: If you are at all concerned by Brexit it is crucial to follow any new political developments as we approach the end of the year. We’ve been advising many existing and prospective clients on how best to prepare for the consequences of Brexit on their art collection. We offer flexible solutions for bonded or free circulation storage at our fine art facilities at LE FREEPORT. We also organize regular shipments to and from the UK. This enables us to position your artworks at the right place in anticipation of the end of the transition period. Get in touch with us to discuss your specific requirements and learn how our team can help you. We will make sure you and your art collection will not be negatively impacted by Brexit. to learn more about how we can help you get ready for Brexit and keep your art collection safe.What’s the status of Brexit ?
What are the consequences ?
How can you prepare ?
What can Fine Art Logistics Natural Le Coultre do for you ?
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