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Architectural Competition for Louvre ‘New Renaissance’ Project Reportedly Set to Relaunch in May

The international architectural competition for the Louvre Museum's $778 million 'New Renaissance' renovation project is set to relaunch in mid-May, according to a report in Le Figaro. The jury will convene on May 13 to assess proposals from five shortlisted firms, ending a period of uncertainty and delays caused by staff unrest, leadership upheaval following a major jewel theft, and the French municipal elections. The project, championed by President Emmanuel Macron, aims to modernize the museum and reduce overcrowding.

new regulation around eu import law promises art market shakeup 1234744257

A new European Union regulation, Regulation (EU) 2019/880, will take effect on June 28, requiring thorough provenance documentation for cultural objects over 200 years old (or 250 for archaeological items) imported into the EU. Importers must provide material evidence proving lawful acquisition from the country of origin, including the object's origin, export date, and chain of ownership, or face potential seizure. The rule builds on a 2019 anti-trafficking law and has sparked concern among EU-based dealers, who warn it could stifle the market for antiquities and non-European art.