
Thaddaeus Ropac is betting on Milan—will it pay off?
Austrian dealer Thaddaeus Ropac opened a new gallery in Milan on September 20, capitalizing on Italy's newly reduced 5% VAT on art imports—the lowest in the EU—and an influx of wealthy expats from London following the UK's abolition of non-dom tax status. The gallery occupies the first floor of the historic Palazzo Belgioioso, with Elena Bonanno di Linguaglossa appointed as director. Ropac's move follows his earlier successful expansions into Seoul and Pantin, which proved prescient.

























