Droit de suite levy threatens London’s art trade

From New Year’s Day under European legislation the UK’s art dealers and auctioneers must pay the heirs or estates of artists deceased within 70 years up to 4% of the sale price of each work they sell for more than €1,000 (£840).

Cataloguing, preserving and validating collections are all currently done by heirs and estates without recompense.

Art dealers claim droit de suite levy threatens London’s art trade | Art and design | The Guardian.

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