EVIDENCE that the trade is not taking the introduction of the beefed up Artist’s Resale Right (ARR) lightly is beginning to emerge.
What is interesting now is that the charge
is being led by individual dealers and auctioneers rather than
trade associations and industry lobbyists.
A number of letters raising various
objections appear among this week's letters in the printed ATG
newspaper. One of them also announces the launch of an online
petition, deploring "the debilitating effect" its extension to the
estates of artists who have been dead for less than 70 years "will
have on the majority of art businesses in the UK".
It highlights the plight of small art
dealers, who are likely to absorb the 4% levy at both ends, leaving
them with an 8% additional tax on transactions.
The petition calls upon the Government:
(a) to recognise this impact on small
businesses by increasing from €1000 to €3000 the threshold above
which the Right is collected in the UK, as allowed under the
European Artist's Resale Right Directive; and
(b) to exert pressure on the European
Commission to change the Directive so that it is less damaging to
the art market, particularly the market in works by deceased
Antiques Trade Gazette is the weekly bible of the fine art and antiques industry. Read articles like this every week in the Antiques Trade Gazette or ATG app. Click here to subscribe today.