The art market is freed, allowing artists to access the international market “without obstacles, restrictions, or cumbersome procedures,” said the official statement.
The Ministry of Deregulation and Transformation of the State that responds to Federico Sturzenegger announced the release of export and import of works of art. According to the official statement, The measure will be made official by decree in the Official Gazette.
This waythe art market is freed, allowing artists to access the international market “without obstacles, without restrictions, or cumbersome procedures,” the statement established. It is also clarified that those who move their own works of art will also be able to do so with ease.
One by one, the changes that are established in the trade of works of art
In the case of gallery owners, the periods of transitory export and import from one to five years (a historical claim of the sector), generating significant savings for the management of works of art in exhibitions and fairs.
Furthermore, it eliminates the certification of works for export for works by artists who have been deceased for more than 50 years for which an Export License was required that granted the National State or resident third parties a preference option in the purchase of the works, affecting the property rights of the owners of said works.
“This cumbersome procedure to give the national State the purchase option required up to 16 signatures. Tens of thousands of artists and gallery owners had to do this procedure in the last 30 years, however, neither the State nor any private person ever exercised that option,” the ministry established.
And he added: “the obligation to give the State the purchase option, in turn, was a deterrent to formation of art collections in the country. Importing a work was equivalent to losing the right to sell it since one never knew if the State would exercise its right and at what price.”
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Who is excluded from the key change for works of art
In the letter, they detail that they are excluded from this key change the works that constitute cultural heritage of the Nation.
For the purposes of determining the legitimacy of the export, you will only need to complete a form at the airport, which can be completed at any time. Previously, the export of works of art required customs procedures that could only be done at certain hours. “The committee granting export licenses is eliminated, which reduces bureaucracy,” Sturzenegger’s ministry ended.
Source: Ambito
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