NY Art Galleries’ Records Subpoenaed

Several art galleries and dealers have received subpoenas from the Manhattan district attorney’s office requesting sales and shipping records, according to lawyers for the businesses, suggesting that investigators may be revisiting the issue of whether galleries and collectors are properly paying sales tax for art sold in New York[.]

Don’t get excited, this doesn’t mean there will be regulation of the art market any time soon, but what it does highlight is how collectors and art galleries–presumably all politically liberal–don’t exactly practice what they preach.

Via The NY Times.

Tags: art, Art Law, new york galleries, subpoena, taxes