Read in Décideurs Magazine
Madeleine Fabre, associate lawyer at Ginestié Magellan Paley-Vincent, discusses the actors and mechanisms of the works of art market, between speculation, regulations, insurance and tax issues:
« The art market has become the art of the market, […] Where connoisseurs and amateurs come together. […] Taxation in France is particularly attractive for collectors. Capital gains on disposal are taxed between 0% and 6,5%. "
It also presents the advantages of blockchain in the art market, "Interesting tool allowing the control of the provenance and the successive transfers of works".