TEFAF is introducing a new global vetting policy, which will apply across all its fairs. Following a review of legal issues relating to vetting, specifically good governance and assessment of liability, TEFAF has been advised that vetting committees should consist of experts with as little commercial interest in the art market as possible.
TEFAF’s Executive Committee has carefully considered this advice and has taken a policy decision that art dealers and auction house experts will no longer be voting members on TEFAF Vetting Committees. Henceforth, the voting members of the Vetting Committees will be composed of academics, curators, conservators, conservation scientists and independent scholars only.
‘As a global organization we review our processes on a regular basis to ensure we remain the most trusted sales platform within the international marketplace. As such we have introduced a global vetting policy that is consistent across all our fairs and which meets the high standards that we set ourselves,’ said Nanne Dekking, Chairman of TEFAF Board of Trustees. ‘As a result of this change of policy, TEFAF will be saying farewell to a number of vetters that have served the organization loyally for many years and, on behalf of the Board, I would like to record our immense gratitude to all those that have given TEFAF their support by sharing their time and knowledge so generously.’