New study on the valuation of works of art for lending and borrowing purposes

One of the aims of the EU Council of Ministers’ Work Plan for Culture 2011-2014 is to encourage the mobility of collections (works of art, cultural heritage etc.) by simplifying the processes for lending and borrowing. As part of the work towards this objective, a study on systems for the valuation of works of art was commissioned to the EENC project, of which Culture Action Europe is a partner.

The study, carried out between 2011 and 2012, aims to assist the European Commission and EU Member States by providing updated knowledge on the methods for the valuation of works of art in Europe and considering measures to facilitate the mobility of collections, through a survey of museums, governments and curators. The focus of the research lies on the financial valuation of works of art and how valuation processes are undertaken in the practice of EU Member States.

A Working Group on the Mobility of Collections consisting of Member State representatives has also been set up. Documentation from this group, including a report and a toolkit on practical ways to reduce the cost of lending and borrowing, are available on the European Commission’s website.


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June 3, 2013, 2:40 pm
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