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‘Momentous’: Italy to slash art VAT to 5%, the lowest rate in the EU

The Art Newspaper

Art market Italy European art market European Union Tax VAT Share Subscribe to The Art Newspaper’s digital newsletter for your daily digest of essential news, views and analysis from the international art world delivered directly to your inbox.

Analysis 301
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Comment | Artnet sale underscores its impact on the industry—and its limitations in today's landscape

The Art Newspaper

Privatisation and personalities Artnet’s capture of just 50% of the market (as it accounts for only auction sales) was never the whole story—rather, it was a good enough indicator. Suddenly their inside knowledge was available to all, for a fee, and many in the market—including yours truly—use the database every day.

Sale 173
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A sale as old as time: Natural History Museum to display £450,000 dinosaur fossil after London gallery helps secure buyer

The Art Newspaper

The final sale price has not been disclosed, but is understood to be close to the £450,000 listed price. Art market Dinosaurs Natural History Museum Share Subscribe to The Art Newspaper’s digital newsletter for your daily digest of essential news, views and analysis from the international art world delivered directly to your inbox.

Sale 237
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Tim Blum will phase out traditional gallery model, close Los Angeles and Tokyo locations

The Art Newspaper

First reported by Artnews , the transition was not sparked by the industry-wide drop in art sales —Blum says he is burnt out after 30 years. In 2023, Poe left the gallery , which was renamed to reflect the change. This is not about the market,” Blum told Artnews. This is about the system.” It’s part of my DNA.”

Analysis 242
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Sotheby’s Sales Fell 23 Percent in 2024, Amid Art Market Contraction

Artnet News

Its auction total was off 28, but a jump in private sales helped close part of the gap. The post Sotheby’s Sales Fell 23 Percent in 2024, Amid Art Market Contraction appeared first on Artnet News.

Sale 131
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Cleveland Museum of Art acquires rare Giambologna marble sculpture

The Art Newspaper

Photo courtesy of Gary Kirchenbauer In 1989, an unpromising-sounding but alluring marble sculpture of a female nude came up for sale at a Christie’s auction held at an English country house in Hertfordshire. Wengraf handled the sale. Marcus 24 June 2025 Share Giambologna, Fata Morgana , early 1570s Cleveland Museum of Art.

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The Company Policy about AI and Appraising

Artifactual History Appraisal

USPAP 2024 Edition, page 12). Most of all, the data sets we work with as appraisers are inherently complex and often flawed, and they require our critical analysis and many years of specialized connoisseurship training about art and the emotional and psychological drivers in the art market to interpret correctly.