The most recent statistics have British legitimate art sales standing at £4.2 billion per annum. This represents around 25% share of the global market. It is impossible to assess accurately the size of the illicit trade market.
Minister for Culture, David Lammy MP, said: “These guidelines will give museums, libraries and archives access to the advice which will ensure that they can continue to expand their wonderful collections safe in the knowledge that they are doing so legally and ethically.”
Alan Pugh, Welsh Assembly Government Culture Minister, said: "The clear advice contained in these guidelines will help highlight this serious issue to ensure that artefacts of the highest quality are able to be enjoyed by visitors to our museums, libraries and archives."
Maurice Davies, Deputy Director of the Museums Association, said: "If museums and galleries follow these guidelines they will be able to avoid illicitly traded artefacts. I'm delighted that the guidelines set the standard that museums and galleries are now expected to meet."
Chairman of the Museums, Libraries and Archives Council, Mark Wood, said: “I very much welcome these guidelines. They mark a significant step in the steady progress museums, libraries and archives have been making to ensure that as collections develop and diversify, it is on the basis of the highest ethical standards. It is no longer acceptable for our public institutions to collect or borrow material which comes from an unethical source. This document gives the clear guidance which all institutions will welcome and want to implement.”