The European Fine Art Fair (TEFAF) Cuts Ties With Art Dealers, And Auction House Experts

Source:Artsy
The European Fine Art Fair has announced a new global vetting policy that seeks to remove art dealers and auction house experts on the vetting committee, and replacing them with academics, curators, conservators, conservation scientists and independent scholars only, so as to avoid possible legal issues.

source:Waddington Custot
This is coming on the heels of the many controversies troubling the antiquities sector, and recent spate of small and mid size galleries closing down while there is increasing monopoly from blue-chip galleries.
It is believed the current art model needs to be reviewed to counter these monopoly hence the proposed shake-up by TEFAF.
Here is their press release from Chairman of TEFAF Board of Trustees, Nanne Dekking:
"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. 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.”
First held in 1988, TEFAF has become one of the most critically well-regarded art fairs in recent years, largely thanks to its uniqueness as a place of discovery and unexpected pairings.

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