UK to Standardise Auction Data as Sector Rallies for New Trade Body

Key facts

• The UK will introduce a system to standardise the recording of auction sales of art and antiques.
• The new Standard Industrial Classification code is UK SIC 47.921, covering retail auctioneering houses for art works, antiques and antiquities.
• Paula Orrell, director of the Contemporary Visual Arts Network (CVAN), England, announced the forthcoming launch at the Art Business Conference in London on 8 September.
• The event attracted over 280 attendees at the Royal College of Physicians.
• The panel was moderated by Melanie Gerlis and included Paul Hewitt, Alison Cole, and Tom Kiehl.
• The discussion called for a new association or body for the visual arts, bringing together commercial and public sectors.
• The new SIC is expected to come into use in 2031.
• Hewitt stated the proposed body would not replace existing trade associations but amplify their impact.
• Cole highlighted the need for a high-profile public figure or ambassador to champion the visual arts.
• The panel served as a "call to action to get involved," with interested parties encouraged to contact CVAN.