Given the decline in the total value of art sales, Savani argues that it is time for the art world to start paying closer attention to FX and says this could support the entire ecosystem. Having overall transparency would really encourage people to participate and help the sellers and help the buyers at the same time, as well as the intermediaries, the brokers and the auction houses that are a central part of that particular ecosystem.” They’re not small amounts of money, and it’s a comfort for clients to know there is someone at the end of a phone that will help them with any situation, whether it’s funds, whether it’s the payment, whether it’s making the transaction, the FX piece.”
Author: Douglas Blakey
Published at: 2025-06-21 20:33:44
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