Last weekend, the head of the British Art Market Federation has once again criticized the law on the right route. However, it is just hot air: the law of January in any case shall enter into force

William Scott
Still Life. Lemons on a plate. 1948
Source: nationalgalleries.org

British dealers once again criticized the government for the native, it does not come to the defense of their interests and under the pressure of the European Commission nevertheless decided to adopt a law on the right following: it must enter in force in the UK in the coming January.

Recall that according to the law in force in other EU countries since 2006, the artists or their heirs within 70 years after his death have the right to receive interest from the resale of its products. Britain has to keep the first part of the law, but the entry into force of the second part, relating to long-term benefits to the heirs, was postponed until 2012.

dealers insist that this measure undermines the competitiveness of the UK in the global art market, providing the benefits to countries such as China and the United States, where such a law there is no . consultancy estimated Arts Economics, with the introduction of the second part of the law of the payment, which are now charged with 13 percent of transactions with works of art, will cover 60 percent of all transactions on the UK art market.

Today the share of the UK accounts for 18 percent of the global art market, but five years ago this share was 25 percent. According to BBC, the British market is stronger than other art markets in Europe feel the implications of the new law.

British Art Market Federation, which represents the interests of the auction houses, dealers and galleries, expressed surprise at the fact that the government does not stand up for the interests of the domestic art market before the Commission. "I am in a strong loss as to what the government does not recognized the importance of this issue and tried to do something more, did not affect the Brussels" - said the chairman of the federation by Anthony Browne (Anthony Browne) in ether BBC Radio 4.

The report, released last week, the Commission expressed concern about possible negative consequences of the law and promised in the future on the basis of two-year observational study to determine whether the drop in the proportion of Britain in the global art market due to the adoption of law on the right route or at the UK figures influenced by other factors, including the growing art market in China.

Meanwhile in London the last auction are going through the old rules of the game: among them were held on Thursday, trading the art of XX century, Christie's.

Christopher Foley (Christopher Foley), the owner of Lane Fine Art, told the BBC, which has ceased to engage in the sale of works of living artists after , in 2006, came into effect the first part of the law. The dealer is afraid that because of the law on the right route to the UK market will disappear the top-end product: "They will be exported abroad, where there are reasonable laws, to Switzerland or America ».

Another opinion expressed in a BBC interview, Robert Scott (Robert Scott), the heir who died in 1989, artist William Scott (William Scott), the price of the product which has increased significantly since the time of his death : work, the artist has sold over 60 pounds in 1950, three years ago, earned a million pounds bid. According to Robert Scott, the introduction of the law on the right route in its entirety to equalize the rights of the heirs of the heirs of artists with writers and composers. Heir believes that the law will not lead to an outflow of expensive works of British trade: according to him, his father's paintings, by contrast, are often brought in from USA to UK auctions, since the prices are higher in the UK. As for pictures outside the United Kingdom, Robert Scott doubt that they will begin mass export at auctions in New York or Hong Kong: the cost of transportation may be higher than the amount paid by the law on the right route.

payments according to the law on the right route in the UK will be on a sliding scale: the heirs owed from 4 percent (in the case of relatively cheap products) to 0.25 per cent (if expensive) cost of the work: one way or another, the payment may not exceed the upper limit of 12 500 euros (10,500 pounds). < /p>

Prepared by Mary Estrova, AI

Source : bbc.co.uk , artinvestment.ru