Directive 2014/60/EU and Its Effects on the European Art Market
Directive 2014/60/EU and Its Effects on the European Art Market

Summary/Abstract: The art market is very important from an economic point of view. It contributes to employment and positively influences adjacent industries. The economic context is particularly meaningful to understanding the relevancy and significance of the cultural market and the need to regulate it accordingly. At the same time, the economic value of art makes it evident why this sector is of interest to criminal and/or terrorist-led organisations. The fight against the illicit global art trade seems to be very difficult given the lack of effective international rules. The aim of this paper is to analyse the effects of the Directive 2014/60/EU on the European and global art markets.

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