For too long, the art world has used loopholes in global regulations, helped by many nations that aid and promote the continued opaqueness of the art market via their outdated laws.These draconian regulations were originally created to handle ownership disputes for immovable properties. They have since been usurped by the collectors cabal to cite precedence and used for cases involving movable (and hideable) art. The major argument that helps this lobby is the oft-repeated threat to the state of loss of business and the cascading loss of revenues to the exchequer. Since the main consumers are high-net-worth influential collectors the cream of the wealthy elite they have been successful in blocking attempts to bring much-needed transparency in the art world.