Friday, August 12, 2022

Russia officially recognizes contemporary art

Meant to impact import duties, but also access to contemporary art.

Russia, by law, now recognises [sic] contemporary art as art. Previously, valuable works of art created fewer than 50 years ago were officially treated as “luxury goods” and subject to 30% import dues. This changed on 29 January with the passing of a new law that is part of a radical revision of Russian art import-export regulations aimed at opening up the Russian art scene to the world.

More here.


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