Is the art market a haven for dirty money?

You’ve probably heard of blood diamonds, but what about blood antiquities?

Today, most trappings of wealth – like cash, diamonds or gold – are subject to stringent regulation. But not fine art and antiquities. Somehow, the art market has escaped the toughest rules, becoming a favored global hub for dirty money. This week on Whale Hunting, Tom Wright is joined by Tess Davis, executive director at the Antiquities Coalition, where she leads work to tackle the illicit trafficking of antiquities and ancient art. It’s a trade used to launder money by Russian oligarchs and sanctioned terrorist groups alike. Together, Tom and Tess take a deep dive into the dark side of the art world, discussing the bad actors using art as their playground, the complicity of major institutions, and what can be done to reform the art business.

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