September 4 | Italy makes a decisive change in export laws
Italian dealers have obtained much more leeway with new legislation easing export taxes. In other news, California has a new foundation, whilst Christie’s adds a new London sale to its calendar.
Italy’s new export law to favor art dealers
Following a two-year debate, Italy has at last passed a law relaxing its strict export regulations on post-war art. The new law extends from 50 to 70 years the window during which “private owners of works by deceased artists may self-certify them for export without a licence.”
The law concerns artworks of a minimum value of €13,500, but it excludes archaeological artefacts, manuscripts and incunabula. Despite the positive shift, Italian art dealers were hoping for an increase to a 100-year period. More via The Art Newspaper.
San Francisco gets a new museum
Nion McEvoy, director of publishing house Chronicle Books, has announced the opening of a new art center that will feature works from his and his mother’s — Nan Tucker McEvoy — collection. The art collector, who is also on the board of the SFMoMA and who has admitted to storing some 85% of his collection, will inaugurate the McEvoy Foundation for the Arts on October 28.
The 5,000 square foot space will be housed in the popular Minnesota Street Project gallery complex, and will showcase works by, among others, Thomas Ruff and David Hockney. More on the New York Times.
Wayne Thiebaud’s painting For Nan: Cake, Pie Slice and Olives (1997), which will be shown at the McEvoy Foundation for the Arts in San Francisco. All Rights Reserved, Wayne Thiebaud/Licensed by VAGA, New York
Christie’s adds a new sale to its London calendar to coincide with Frieze
Christie’s new London sale “Masterpieces of Design and Photography” will take place on October 3, just ahead of this year’s edition of Frieze and will features works by, among others, Jude Hull, Jeremy morrison and Simon Andrews. On the same day, the auction house will also feature “Up Close”, offering “masterpieces on a small scale.”
“The strength of our October sales last year, totalling near £100m overall, and the strong sell-through rate, convinced us this was the right move to make” said Christie’s Francis Outred. On October 6, the auction house will hold its main sale of Postwar and Contemporary Art, led by the 1982 Basquiat work Red Skull. Read more on The Art Newspaper.
Jean-Michel Basquiat Red Skull (1982), estimated in the region of £12-£18m in Post-War and Contemporary Art Evening Auction at Christie's on 6 October