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The good news first: the VAT in Germany rate will be reduced again to a uniform seven per cent, reports Ursula Scheer in the FAZ: ‘The Federal Cabinet has approved the draft for an annual tax law 2024 presented by the Ministry of Finance - and thus the reduced tax rate of seven per cent instead of the previous 19 ... read more
Christie's has actually fallen victim to data thieves. Zachary Small writes in the New York Times: ‘Hackers said that Christie's failed to pay a ransom when one was demanded. ‘We attempted to come to a reasonable resolution with them but they ceased communication midway through,’ the hackers wrote in their dark web post, which was ... read more
Kira Kramer visited the Arco Lisboa with its 80 exhibitors for the FAZ: “The architecture of the narrow but 400 metre long Cordoaria Nacional requires the exhibitors to line up like pearls on a string. Two curated sections and a post-colonial focus set the tone at the fair. In addition to the strong presence of female artists, the high proportion ... read more
In the run-up to the New York auction week, Ulrike Knöfel tries her hand at art market bashing in the very best BILD style in Der Spiegel, with Magnus Resch spreading banalities as insider knowledge as a key witness. The author does not make herself any more credible with the prediction: ‘This season, the work of read more
This year, Tefaf New York starts as a latecomer to Frieze, which is likely to find its audience primarily among residents of the Upper East Side. Barbara Kutscher is delighted in the Handelsblatt: “It would be easy to forget the current uncertainty in the market. But as the recently published ‘Art Market Update’ by Bank ... read more
Even in its current edition, the small Frieze New York hardly seems to excite anyone. Interestingly, both the big galleries with their usual sales reports and the usual media, which support the fairs' PR with reports of a “brisk start” and “buyoing sales”, are conspicuously reticent. Incidentally, Tefaf New York appears across the board in reports on satellite fairs, including Rachel Sherman's overview for the ... read more