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ARTICLE · 12 SEPTEMBER 2017

Italy Eases Export Rules For Post-War Works

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Italy has lifted restrictions on export rules for art works produced by deceased artists over the past 70 years, which will liberalise the market for works by post-war artists.

ItalyMedia, Telecoms, IT, Entertainment
Giulia Cipollini
Giulia Cipollini
Valentina Favero
Valentina Favero
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Italy has lifted restrictions on export rules for art works produced by deceased artists over the past 70 years, which will liberalise the market for works by post-war artists.

The Italian Parliament has recently approved the annual market and competition law (Law No. 124 of 4th August 2017) that provides for various amendments to the Cultural Heritage Code with important consequences for the Italian art market.

Under the law previously in force, any artwork created more than fifty years ago by a deceased artist used to require an export licence in order to be exported, which could be easily denied by the State, regardless of its market price. This deeply affected the competitiveness of the Italian art market.

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