Nonetheless, Brexit remains a thorn in the side of the UK art market. Recent figures from HMRC show that art imports fell 18% in 2021, leaving them at almost half the value of 2019; while the Affordable Art Fair has seen a 30% drop in international galleries.
There are glimmers of hope, though. Last month, the Dutch dealer Jorg Grimm opened his first London space—a response, he says, to the number of British artists on his roster without domestic representation. “We felt there was a place for us to step in and create that platform for them,” Grimm says, noting that he has signed several new artists, among them Francesca Mollett, Gabriella Boyd and Anthony Cudahy.
Meanwhile, half of the gallery’s inaugural show, by the Scottish-based artist and Turner Prize nominee Lucy Skaer, sold out in the first fortnight—hopefully a sign of things to come, Grimm says, adding: “London remains a key art market with the best museums in the world. Long may this energy continue!”