The United Kingdom's art market is about to be shaken up when a new tax law, put on the table back in 2006 finally goes live in January and art dealers are naturally not pleased:
The new law will affect artists' heirs in future sales with a sliding scale of payments from 4% of the sale price of cheaper items to 0.25% of the most expensive. A droit de suite bill to provide living artists with resale royalties for auctioned works was introduced last week in the U.S. Congress.[Artfix]
