Version 1.0 · Effective 12 November 2026
Art Collecting and No Investment Advice Statement
London Art Exchange Ltd sells physical artworks and provides information to help people understand and collect art. We do not provide investment advice. This statement explains the scope of our service and the financial uncertainties of owning art.
1 Information we provide
We can discuss an artwork’s artist, medium, size, edition, condition, provenance, presentation and other collecting considerations. We can explain the sale price and provide relevant factual market information with its source and context.
We do not assess whether an artwork is suitable for your financial position, investment objectives, retirement plans or capacity to absorb loss. We do not provide personal investment recommendations, financial planning, tax advice or legal advice. A discussion about your collecting preferences or spending limit is not an assessment of financial suitability.
If you need advice about investments or financial planning, consult an appropriately authorised independent financial adviser. Obtain qualified tax or legal advice for those matters.
2 Value and resale are uncertain
Art prices can rise or fall. A work may sell for less than its purchase price, take a long time to sell or fail to find a buyer. There is no readily available market for every work, and an estimate is not a cash offer or a guaranteed sale price.
Artist reputation, condition, attribution, provenance, fashion, supply and the wider market can affect value. Auction results and gallery asking prices are not interchangeable. Past prices or an artist’s previous success do not reliably predict what a particular work will achieve later.
Transaction costs can materially reduce any resale proceeds. These may include commissions, transport, insurance, storage, conservation, taxes and applicable resale royalties. Compare net amounts after costs, not just headline sale prices. Borrowing to purchase art adds separate repayment and cost risks.
3 No promised financial outcome
A direct artwork purchase under our Terms of Sale does not include a promise of capital growth, regular income, a minimum return, a resale date, a guaranteed buyer or a buyback. We do not describe art as a savings account, deposit substitute or assured source of financial security.
Any later service to help you sell a work requires a separate written agreement describing the work, service and fees. An estimate, introduction or willingness to discuss resale is not a commitment to purchase it or achieve a particular price.
Our direct sale terms do not create a fractional ownership arrangement, pooled investment, managed investment scheme or entitlement to royalties. Buying the physical work does not transfer copyright or reproduction rights. Any distinct licensing, ownership or financial arrangement needs separate legal and, where relevant, regulatory assessment before it is offered.
4 Regulation and protection
An ordinary outright purchase of a physical artwork is generally outside the FCA’s regulation of financial products. The legal position depends on the actual arrangement. An arrangement involving pooled funds, shared interests, managed returns or other financial features may be treated differently regardless of the words used to describe it.
We do not claim that the FCA has approved an artwork, its price or a forecast. Anti-money laundering supervision or registration is not FCA authorisation. We do not represent that Financial Services Compensation Scheme compensation or Financial Ombudsman Service access is available for an ordinary physical artwork purchase. Separate protections connected with an eligible payment or financial service depend on their own rules.
You retain applicable consumer, contractual and other legal rights, including rights concerning description, title, quality, misrepresentation, cancellation and remedies. Our Terms of Sale, Returns and Cancellation Policy and Complaints and Alternative Dispute Resolution Policy explain the relevant processes.
5 Statements made during a sale
Our communications should be clear, accurate and consistent with this statement, including website pages, social posts, advertisements, calls, messages, presentations and testimonials. A general disclaimer cannot correct a misleading promise made elsewhere.
If a statement about profit, resale, buyback or financial protection appears inconsistent with this policy, ask us to clarify it in writing before committing. We will investigate concerns about statements already made. This policy does not retrospectively withdraw a contractual promise, erase a misrepresentation or require you to waive a claim.
6 Contact
Email info@thelax.art or write to London Art Exchange Ltd, London Art Exchange, 156 New Cavendish Street, London W1W 6YW, United Kingdom. We are registered in England and Wales under company number 12874213.
