Art FocusTurner Prize 2020 Cancelled, Replaced By Bursaries

The organisers of the Turner Prize have announced the cancellation of his year’s edition. Instead, 10 bursaries of £10,000 will be awarded to selected artists. Normally, the shortlist for the controversial modern art prize would have been announced by organisers Tate Britain at this time of year, usually to the bafflement and derision of the public. An exhibition would have opened in the autumn with the winner of the £25,000 prize announced in December. Alex...

Life & CultureSales Tax Legislation – the Bane of the Art Market?

Is sales tax legislation becoming the ‘bane of the art market’? Christie’s recent $16.7m settlement to avoid prosecution in the US for sales tax evasion demonstrates once again that it’s an increasingly common issue for both American and international art businesses. We turned to the experts from international art law specialists Withers for insight. It’s another taxing lesson in Sales Tax – Christie’s’ recent $16.7 million settlement to avoid prosecution for sales tax evasion has...
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