Tessa Solomon , ART News; A New Code for Ethical Collecting Calls on the Art Market to Do Better by Transparently Working with Dealers
"In 2020, Pepe gathered a group of like-minded collectors from around the world—Pedro Barbosa, Iordanis Kerenidis, Andre Zivanari, Sandra Terdjman, Haro Cumbusyan, and Jessica and Evrim Oralkan—to form a think tank dedicated to tackling the problem. The collective, working with an advisory team of 15 curators and artists, spent over a year drafting a set of principles and standards using “the language of professionals,” or what other industries use as a means of heading off power imbalances, according to Pepe. The draft is a living document, continually open to edits and additions as deeper dimensions of the issue reveal themselves.
Last week, the collective released the text of their efforts at the ARCO Madrid art fair. Titled Code of Conduct for Contemporary Art Collectors, the 11-page manual provides a template for collectors of all levels for ethically acquiring, exhibiting, and donating art, which was also reviewed by the group’s advisory team.
The code includes how to interact with dealers responsibly and transparently, how to support institutions and serve on their governing boards, and how to build and maintain collections. Each bullet point is broken down into several subcategories—the section on dealing with dealers, for example, covers “holding dealers accountable to pay artist[s] promptly,” and “not requesting artworks below fair market price,” such as asking for a discount...
This isn’t the first of ethical guideline introduced for the art world, though it is the most comprehensive. Previous attempts include the Basel Art Trade Guidelines, published by the Basel Institute on Governance, and the American Alliance of Museums’s Code of Ethics for Museums, but enforcement of either is uneven and the scope of their concerns is significantly narrower...
The group plans to update the code yearly, adding new concerns as they arise and other recommendations crowdsourced from a survey on the website. Oralkan added, “It’s a good thing—living documents shouldn’t have an end.”"
