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HAVOCSCOPE BLACK MARKET

Cultural Goods Index

Art and Antique Smuggling

Summary

The Times of India has reported that " According to intelligence reports, antique smuggling is estimated to be around $10 billion worldwide." 1

Other published reports has stated  that the size of the smuggled art and antique market to be between $5 to $8 billion.2

Black Market Value:
$10 Billion

Source: Arun Kumar Das, " Govt to crack down on antique smuggling," Times of India Online, March 24, 2007,http://tinyurl.com/2wuumg (accessed: March 28, 2007).  

 

 

Grazr

 

Sources:

1.   Arun Kumar Das, " Govt to crack down on antique smuggling," Times of India Online, March 24, 2007,   http://timesofindia.indiatimes.com/NEWS/India/Govt_to_crack_down_on_antique_smuggling/articleshow/1804329.cms (accessed: March 28, 2007).

2.   Market Size Figures:   Brian Braiker, " Art Cops" , Newsweek, January 21, 2005, http://www.msnbc.msn.com/id/6853527/site/newsweek/ (accessed: November 14, 2005).

FBI, " Spotlight: Protecting National Treasures" , Art Theft Program, http://www.fbi.gov/hq/cid/arttheft/arttheft.htm (accessed: November 14, 2005).

Edward Dolnick, The Rescue Artist: A True Story of Art, Thieves, and the Hunt for a Missing Masterpiece, (New York: HarperCollins, 2005) pg. 11.

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