The Antiques Trade Gazette bubbles over in frustration at the UK government‘s response to the impending extension of the artist’s resale royalty “to the estates of artists who have been dead for less than 70 years:”
Whatever came before, it is this extension that dealers, in particular, most fear, and with reason: Picasso, Matisse, Moore and Bacon are just some of the names who will soon qualify. Meanwhile the Modern print specialists must be wringing their hands in despair. However, the government seemed on side, a reassuring position in light of the renewed vigour across the Channel in France – birthplace of the Resale Right – to do away with the levy, or at least limit it to living artists.
The British Art Market Needs the Government’s Support Right Now (Antiques Trade Gazette)