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"Addressing concerns about the decline of French culture . . ."

By Intellectual Property Law, Esq.

" . . . , French Culture Minister Christine Albanel unveiled a series of proposals earlier this month to stimulate spending on art works by French buyers. She wants to change exisiting laws so that the sale and auction of modern art can become as simple in France as it is in booming American and British markets. She has also proposed tax breaks and no-interest loans to induce small businesses and individuals to begin investing and collecting contemporary works that many now feel are beyond their financial range."

Full story here from Time magazine. The proposal still needs parliamentary approval.

Full post as published by The Art Law Blog on April 20, 2008 (boomark / email).