Unregulated Nature of the Fine-art Market Comes into Spotlight

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The international fine-art market has come into the spotlight recently, more specifically the unregulated nature of trading and purchasing usually with large amounts of capital.

A recent case involving a regulator in the UK’s controller proclaimed Beaufort Securities to be bankrupt, and the Unified States Division of Equity claims it laundered the company fraudulent proceeds using offshore bank accounts including the false proposed purchase of a Picasso painting.