Artmarket.com: France obtains the maintenance of VAT at the reduced rate of 5.5% on the Art Market, a major victory with very considerable advantages according to Artprice.
Over recent years France has been accumulating a number of very positive signals for the re-emergence of its art market.
- Over recent years France has been accumulating a number of very positive signals for the re-emergence of its art market.
- Since Brexit, the French art market has been the main beneficiary being the main gateway to the European Union.
- Read Artprice by Artmarket reports on the art market: https://www.artprice.com/artprice-reports/the-art-market-in-2022
Despite Brexit, the United Kingdom still accounts for 17% of global art auction turnover with 5% VAT. - Today, France can rest assured that the World Leader in Art Market Information, Artprice.com by Artmarket, will remain in France.