Art News. Vasari Codex

cracking chinese art market 2656679

Mario Cristiani, co-founder of Galleria Continua, reflects on the gallery's 20-year journey in Beijing, describing how a meeting with three friends united by admiration for artist Chen Zhen led to opening a space in China. He recounts the vibrant early 2000s art scene, the transformative impact of the 2008 Beijing Olympics, and the gallery's initial five years without sales, emphasizing that success in China required credibility, consistency, and genuine cultural integration rather than commercial exploitation.

article policy schedule Jun 24, 2025 visibility 14 link 4 artists, 3 galleries

italy cuts art vat to 5 percent 1234745954

Italy has announced a reduction in its VAT on art sales from 22 percent to 5 percent, the lowest rate in the European Union. The move, approved in a cabinet meeting and set to take effect within days, follows sustained pressure from Italian galleries, artists, auction houses, and art market players. The new rate must be approved by parliament within 60 days to become permanent. The change aligns with an EU directive allowing member states to lower taxes on art sales to at least 5 percent, and comes after the government initially resisted calls for reform.

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