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I hope that we will have responsible interlocutors to decide, in good intelligence, on our future. Otherwise, it is the annihilation of all the efforts of the French market which has regained, little by little, its first place at European level.“, estimates Marion Papillon, of the direction of the Professional committee of the galleries of art (CPGA). Butterfly Gallery
Adopted by France without consulting interested parties, an EU directive could deal a fatal blow to galleries in France. And thus jeopardize the pre-eminence of the place of Paris in Europe.
Should the French art market wave the red flag? To avoid the irremediable, its actors relentlessly relay on social networks the article of the echoes of February 23, denouncing the harmful effects of a European Union directive on the application of new rules on the rate of VAT on imports for works of art. He concludes, in a somewhat rapid shortcut, that dealers would be taxed at 20% and no longer at 5.5% on their imports of works from non-EU countries, as well as living artists working in Europe, when they sell to professionals.
Confusing and indigestible to say the least, the text was adopted without any consultation with galleries, antique dealers or auction houses. Nor even a supporting study, to estimate the impact on France, the only EU country capable of competing with international competition and therefore to be particularly concerned. France alone accounts for more than half of the European market. That is to say how…
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