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Works of Art: Valuation

Volume 458: debated on Monday 19 March 2007

To ask the Secretary of State for Culture, Media and Sport what steps she has taken to ensure that proposed sales and valuations of works of art subject to examination by the Reviewing Committee on the Export of Works of Art are genuine. (128259)

When making a decision on whether a valuation is acceptable, I ensure that sufficient information has been provided to justify it. The Reviewing Committee is vigilant in requiring such information and will not recommend a fair matching price unless satisfied it has been properly justified. In a number of cases where the Committee has not been satisfied with the justification for the valuation, it has recommended that I obtain an independent valuation and I have done so.