Italy's New Export Laws for Art
July 9 2021
Picture: TAN
Posted by Adam Busiakiewicz:
The Art Newspaper have published an interesting article on Italy's new export laws for art. To summarise briefly, export licenses will not be needed for paintings worth under €13,500. This has meant that more Italian auction houses are selling works via. the Drouot Online platform.
Antoine de Rochefort, the chief executive of Drouot Digital, is quoted saying:
Information about the decree was scarce outside Italy and, after nine months, we have seen no change in terms of the average price of lots auctioned to internet bidders. The average price per lot purchased in Italy is still around €1,300. I expect the market will catch up. But just now, there is quite an opportunity for bargain hunters.
However, some dealers have been sharing experiences that the Italian authorities have been looking at things more closely since the change.
