What's Happening?
A new bill aimed at combating art forgery has been introduced by the Culture Ministry, with public consultation open until January 8. The legislation proposes prison sentences of up to 10 years for large-scale or organized art fraud and establishes a registry
of certified art appraisers. The bill targets individuals who create, alter, display, trade, transfer, possess, or receive artworks intended to mislead about their author, origin, date, nature, value, or composition. Such individuals face at least six months in prison and a €5,000 fine. Artworks valued over €120,000 or made with the intent to deceive could be confiscated or destroyed. Certified appraisers must hold a degree in art history or conservation, have at least 10 years of experience, and pass examinations administered by a five-member committee. Critics argue that the law focuses more on punishment than prevention, lacking mandatory due diligence rules for galleries, dealers, or auction houses.
Why It's Important?
The introduction of this bill is significant as it addresses the growing issue of art forgery, which undermines the integrity of the art market and affects collectors, artists, and institutions. By establishing a registry of certified appraisers, the bill aims to enhance the credibility and reliability of art valuations. The proposed penalties serve as a deterrent to potential fraudsters, thereby protecting the interests of genuine artists and collectors. However, the lack of preventive measures for galleries and auction houses could limit the bill's effectiveness in curbing art fraud. The art market's reputation and economic stability could benefit from stricter regulations and oversight, ensuring that art transactions are transparent and trustworthy.
What's Next?
The public consultation period allows stakeholders to provide feedback on the bill, which could lead to amendments before it is finalized. Art industry professionals, including galleries and auction houses, may lobby for changes that incorporate preventive measures and due diligence requirements. The establishment of the appraiser registry will require the development of criteria and processes for certification, which could involve collaboration with educational institutions and professional organizations. The bill's progress will be closely monitored by the art community, as its implementation could set a precedent for similar legislation in other countries.
