Art Investment

The Minister of culture of Germany proposed a new law on the protection of cultural heritage

German government is considering the adoption of a new law on the protection of cultural heritage, which can greatly impair the weather on the German art market. The Minister of culture Monica Gruetters said that this law is necessary to prevent the sale of objects of cultural heritage of Germany abroad. Next month she plans to submit the draft law for consideration by Angela Merkel@

the new law to consider all works of art over 50 years and 150 thousand euros more expensive as a potential national heritage. For their sales abroad will need to request permission for export in special commissions that will be established in all regions Germanii@

as a result, the collectors who buy in Germany may face a longer wait for their purchases or even to obtain a permit for their removal. This can greatly undermine the position of the German art dealers that sell works of leading German artists such as Gerhard Richter, Martin Kippenberger, etc. 

Germany, along with France, Britain and the USA, is one of the world's leading art markets, they hold their auctions at Christie's and Sotheby's, and the German gallery owners constitute a significant part exhibitors at international fairs iskusstva@

Monica Grutters in an interview with the newspaper Frankfurter Allgemeine Zeitung said that the government needs to take responsibility for the national heritage, but, according to the Minister, in 95 % of cases, the export permit will be podpityvatsja@

But dealers such statements are not calm. Over one hundred art dealers wrote a collective letter of protest against the new law, which plan to send Monica Grutters. As suggested by one of the leading German gallerists, Tadeusz Street, with the introduction of the new law can begin a real "bureaucratic nightmare". The dealer from Cologne Gisela Capitain offered Grutters "take into account the reputation of Germany and to stop playing Joan of Arc in the art world". The adoption of the law can result in a mass market beyond Germany works, which have not yet reached 50 years of age — their owners will want to sell them, until it is possible to do so without delay. This has already happened in Italy, started to introduce such zakony@

Sources: wsj.com, artinvestment.ru


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