After having the highest value-added tax (VAT) rate for art in the European Union, Italy has just reduced it to 5%, the new European low.
Art market
Art has long been identified, even romanticized, as an ideal way to launder money. There’s a thread of logic here: the art world accommodates anonymous, high-dollar buyers and the industry allows…
With new VIP preview hours and over 160 international galleries, Art Miami 2024 further cements its status as a premier destination in the global contemporary and modern art market.
Location, as any real estate agent will tell you, plays an essential role in the potential success or failure of a business maintaining a brick and mortar operation in conjunction…
There typically would be great anticipation leading up to …
On the topic of selling art, one might immediately think of vast museums, prestigious galleries, and established fairs with only the finest paintings at extraordinary prices. Although these venues…
Although Sotheby’s sale of Sandro Botticelli’s The Man of Sorrows was proceeded by considerable hype and still managed to close with an impressive bid, the sale was not as grand, nor the painting as…
Even if you can’t hold it in your hands, it is still art—at least, that appears to be the consensus as of mid-2021, when the NFT art market has mushroomed by more than 800 percent—or $429 million—…
