On May 12, 2026, the Center for Research on Privatization and State Asset Management, jointly with the Agency for State Asset Management of the Republic of Uzbekistan, organized a scientific and practical online conference on “Current Issues in the Implementation of the Standard for Valuation of Cultural Property in the Republic of Uzbekistan.” The event was dedicated to discussing the implementation of the standard for valuation of cultural property, its importance for the development of the art market, preservation of cultural heritage, formation of a professional expert community, as well as improvement of scientific and methodological approaches to the valuation of objects of artistic, historical, and cultural value.

The conference was opened with a welcoming speech by Igor Leonidovich Butikov, Director of the Center for Research on Privatization and State Asset Management under the Agency for State Asset Management of the Republic of Uzbekistan, Doctor of Economics, Professor. During the conference, the keynote speech was delivered by Shavkat Fazilovich Sultanov, Director of “ART VERNISSAGE,” the first auction house for works of art in Uzbekistan, and one of the initiators and co-authors of the standard for valuation of cultural property. In his speech, he emphasized the importance of adopting this standard for the formation of the art market, increasing transparency in transactions involving works of art, developing professional valuation of cultural property, and preserving the cultural heritage of Uzbekistan.

Reports were also delivered by Ilmira Rahimovna Ahmedova, Candidate of Philosophical Sciences, Chairperson of the Art Critics Section of the Creative Union of Artists of the Academy of Arts of Uzbekistan. In her speech, she highlighted the role of the standard for valuation of cultural property in forming a professional class of art historians and art experts in the Republic of Uzbekistan. A report was also presented by Shahlo Abdullaeva, PhD in Art History, Associate Professor at the National Institute of Fine Arts and Design named after K. Behzod.

The expert discussion was attended by:

Akbar Abdullayevich Khakimov — Academician of the Academy of Sciences of the Republic of Uzbekistan, Academician of the Academy of Arts of Uzbekistan, Professor, Doctor of Art History, Honorary Doctor of Soka University in Tokyo, co-author and head of the group for the development of the Methodology for Valuation of Cultural Property; Masharib Saydamatovich Abdullayev — Deputy Director for Scientific Affairs of the Institute of Art Studies of the Academy of Sciences of Uzbekistan, Doctor of Art History; Komiljon Rahmatovich Rakhimov — Leading Research Fellow of the Institute of Oriental Studies of the Academy of Sciences of Uzbekistan, Doctor of Historical Sciences, Professor, Orientalist and source studies scholar; Oksana Vyacheslavna Pakhomenko — Candidate of Economic Sciences, Deputy Chairperson of the Association of Valuation Organizations of Uzbekistan, expert, and highest-category appraiser. The participants of the conference discussed issues related to the practical application of the standard, methodological approaches to determining the value of cultural property, the need to train qualified specialists, as well as the importance of cooperation among appraisers, art historians, historians, source studies scholars, and representatives of the art market. Special attention was paid to the fact that the implementation of the standard for valuation of cultural property may become an important tool for increasing trust in the art market, ensuring transparency in transactions involving works of art, protecting the interests of owners and buyers, and preserving the cultural heritage of the Republic of Uzbekistan. Following the conference, participants put forward proposals for further improvement of methodological approaches, development of expert practice, strengthening cooperation among scientific, professional, and cultural organizations, as well as creating conditions for the formation of a professional community of specialists in the field of cultural property valuation. At the conclusion of the event, it was noted that the adoption and implementation of the standard for valuation of cultural property is a relevant and timely step aimed at developing the national art market, improving the quality of expert valuation, and preserving the rich cultural heritage of Uzbekistan.