War in Middle East Art Trade

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The escalating conflict between the U.S., Israel, and Iran has cast a shadow over the Middle Eastern art market following missile strikes on key infrastructure in Dubai. With major events like the 20th anniversary of Art Dubai scheduled for mid-April, international galleries and collectors are expressing significant concern over safety and regional stability. Logistics firms like DHL have already warned of shipping delays and rising insurance costs due to restricted airspace and the closure of the Strait of Hormuz.

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President Trump's tariff policies are causing significant disruption in the art shipping industry, despite artworks themselves remaining largely exempt from import taxes under U.S. law. While Section 1702(b) of the IEEPA protects artworks, books, and films from presidential trade restrictions, antiques and design objects are subject to a 10 percent universal tariff, creating confusion for customs officers. Meanwhile, changes to de minimis rules—lowering the threshold for formal customs processing from $2,500 to $800—have forced DHL to temporarily suspend certain shipments and caused multi-day delays. Smaller art dealers relying on global logistics firms are particularly affected, as bespoke fine-art shippers like Crozier, UOVO, and Cadogan Tate are often too expensive for lower-value works under $10,000.