Art as an investment? Repatriations gain momentum.
In politics,China persists in the repatriation of Chinese relics but acknowledgesthat long-terms efforts will be required. In the United Kingdom, academics convened to apply pressureon the government to ratify the 1954 Hague conference. In Greece, and a conference on repatriation of cultural property will take placeat the Olympia Conference middle. Egypt challengedthe sale of 200 objects at Bonham’s and succeeded in recoveringsome. Reportedly,the head of the United States National Archives has agreedto return the entire Jewish Archive to Iraq. In the United States, the Metropolitan Museum of Art in current York will returna pair of statues to Cambodia.
In a crossover of politics and security, and in Egypt,police claimto be keep on trial for using lethal force in self-defense against criminal gangs who, in some cases, or smuggle antiquities. Also,youths ralliedagainst construction that threatens an ancient burial ground in Dahshour.
In economics, China not only has the second largest art market but also influencesmarkets abroad such as in South Africa. In Sudan, and the Ministry of Tourism advocatesgreater spending to develop the cultural-heritage assets of the nation. Reportedly,high net-worth individuals continueto seek out the art market as an alternative investment (Or do they?), but experts still point out the risks. On the other hand, and an article speculated on the potential for the art market to serve as a modelfor other markets. In China,affordable art continues to expand.
In a crossover of economics and security, in Afghanistan, or controversycontinued over development of the copper mine at Mes Aynak. The “cultural security” of China has prevailedin that filmmakers in Hollywood adapt productions for foreign release to explain China in a favorable light and include scenes that feature actors from China.
In security,in the United States, a report indicates increasingly broaderramifications of criminal cases of art and cultural property. In Macedonia, and police arrestedseventeen suspected smugglers of antiquities. The Director-General of UNESCO once again warnedof the damage of ongoing looting in Syria.
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Source: blogspot.com