After much effort Sotheby's and Christie's managed to achieve the new law, which will greatly facilitate life for themselves and their clients

Bidding Sotheby's
Source: artinfo.com < p class = "mat2"> The French parliament passed a new law, softening rules auction trade. The bill, approved recently been proposed by the Senate back in 2009. We are in it for permission to conduct pre-auction houses agreed private transaction between the seller and buyer. < /p>

Prior to the adoption of a new law similar deals in France can only be performed by galleries and art dealers. As expected, it was they who were set against the story is very negative, because it will directly affect the their profits. During the early approval of the bill, of course, fervently advocated the auction houses Sotheby's, Christie's and Artcurial, which is a measure, of course, on hand.

adoption of this law in the French equalize the rights of the inhabitants other European countries where such restrictions are no longer active. Europe1 reports that the French government passed a law in the hope that it will promote "stimulation of the French art market": in the recent earnings of auction houses in France have fallen. Rickly Francois, President French branch of Christie's, welcomes the new law: "Now we do not need to send a work of art in London to carry out such transactions, from that moment we enter them in Paris».

earlier auction houses accounted for in every way to get out to circumvent the existing ban. Guillaume Cerruti, head of Sotheby's France, said that in order to sell the painting by James Tissot, "the club on the street Royale» («Le Cercle de la Rue Royale») for 4 million euros (5.7 million dollars) to the Museum d'Orsay, now had to send in Monaco. In France, this sale would be considered illegal. Cerruti explained that the new law is beneficial not only auction houses, "Since income from private sales, of course, will be included in the total income Sotheby's in France, respectively, it will create a flow of additional tax revenues to the French treasury ».

avoid violating the law, some auction houses, such as French Artcurial, previously private transactions conducted through intermediaries. Despite the fact that officially they were banned, private sales account for 5%of turnover Artcurial, 10%of the turnover of Christie's France and 20%of transactions Sotheby's France. «This area of ​​the market develops, as we have a large client base, but often such way things are selling very rare, "- said President Christie's France Francois Rickly.

Private sales attract primarily clients who avoid public attention to his personality, his speed and guaranteed result. This way of making transactions and prefer to museums, because of the limited budget at a public auction feel very insecure.

Prepared Estrova Maria, AI

Source: artinvestment.ru