An artwork by Italian Renaissance painter Sandro Botticelli is pictured during a photocall at Sotheby's auctioneers in London on January 27, 2021. Photo: AFP
An artwork by Italian Renaissance painter Sandro Botticelli is pictured during a photocall at Sotheby's auctioneers in London on January 27, 2021. Photo: AFP
Art

Art world’s culture of secrecy targeted as US, EU crack down on money laundering

  • Wealthy art collectors have long been able to maintain their anonymity via bidding agents at auctions
  • But new rules in Europe and the US will mean art and antiquities dealers must record the actual beneficiaries of their sales for the first time

An artwork by Italian Renaissance painter Sandro Botticelli is pictured during a photocall at Sotheby's auctioneers in London on January 27, 2021. Photo: AFP
An artwork by Italian Renaissance painter Sandro Botticelli is pictured during a photocall at Sotheby's auctioneers in London on January 27, 2021. Photo: AFP
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