Art Investment

German art-рынок bound international standards

what were so afraid of German art-дилеры, auction houses and collectors happened. The government adopted a new law, making it more difficult export of cultural goods from the country. the debate about its appropriateness was conducted in the summer of last year.

Amendment in German legislation aims to keep in the country works of national importance. Now for export outside of the EU works older than 50 years and worth more than €150 000 required approval of the Ministry of culture. If we are talking about the movement of works within the EU, restrictions will relate to works older than 75 years and more €300 000.

Minister of culture Monica Gruetters subjected to outspoken criticism from virtually all members of the German art-рынка, defended the new law as follows: "With the new law on the protection of the cultural heritage of Germany finally adopted, after decades of delay, the same international and European standards already in effect in almost all countries of Europe."

German gallery owners and auctioneers fear that the new law would stifle national art-рынок. One of them, the Berlin dealer, Jan Wentrup (Jan Wentrup) last year had forecast that with the new law, market players will be forced to withdraw capital from the country and conduct transactions abroad. This winter, even before the adoption of the law, market players have noted the increase in the quantity exported from Germany. The owners chose to sell them before the process will require obtaining permits.

Sources: artnet.com, artinvestment.ru


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