UK to Standardise Auction Data as Sector Unites Behind New Trade Body

The UK government is preparing to implement a standardised method for recording auction sales of artworks and antiques. This initiative aims to provide clearer data and statistical evidence on the auction sector’s output, helping to better understand the economic contribution of the UK’s art industry. The new classification will be incorporated under the Standard Industrial Classification code UK SIC 47.921, which covers retail auctioneering activities for art, antiques, and antiquities.

The announcement came during a panel discussion moderated by Melanie Gerlis, art market editor-at-large at The Art Newspaper. The panel included representatives from various parts of the art sector, such as Paul Hewitt from the Society of London Art Dealers, Alison Cole from The Cultural Policy Unit, and Tom Kiehl, chief executive of Music Limited. Central to the discussion was the proposal for a new association or trade body that would unite representatives from both the commercial and public sectors of the visual arts.

Speakers highlighted the fragmented nature of the current art ecosystem, with artists, galleries, public institutions, and auction houses operating independently. The new trade body would not replace existing organisations but rather amplify their collective voice, enabling more effective communication with government and other stakeholders. Alison Cole emphasised the importance of speaking with one voice to represent the sector’s shared interests.

The new Standard Industrial Classification code is expected to come into effect around 2031. Despite the delay, it marks a significant step in recognising the sector’s economic role beyond short-term political cycles. The panel also discussed the need for a high-profile public figure or ambassador to champion the visual arts, drawing parallels with similar roles in music and sport.

Broader issues facing the sector were also addressed, including the need for sustainable business models for artists, innovative philanthropy approaches, and the potential for artificial intelligence to improve efficiency and security amid rising costs and shrinking funds. The panel concluded with a call to action, inviting interested parties to engage with the initiative through the Campaign for Visual Arts Network (CVAN).

This move towards standardisation and sector collaboration reflects a growing recognition of the visual arts’ economic and cultural importance in the UK, aiming to strengthen its position and support future development.