Geneva Freeport Sees Tighter Scrutiny and Reforms

April 30th, 2016

A number of collectors are moving works out of the Geneva Freeport, after scrutiny and reforms have led to increased security and monitoring of the site’s contents.  The reforms were set off after an Amedeo Modigliani work was seized from the location’s vaults.  “Today, the image is still deteriorating,” David Hiler, president of the Geneva Free Ports, says of the company. “I don’t expect that things will improve quickly: this will take time.”

Read more at Bloomberg