Two main artwork festivals have been cancelled – with Brexit partly guilty
Two of London's main summer season artwork festivals have been cancelled this 12 months, with organisers saying Brexit is partly guilty. The cancellations of Masterpiece and Olympia have raised considerations concerning the menace Brexit poses to the UK's standing as a significant world artwork market.
Currently, Britain's market is second solely to the United States by quantity of gross sales. But since 2020, growing quantities of pink tape and the introduction of an import VAT charge of 5%, have made it significantly tougher to maneuver artwork between the UK and Europe.This is having a noticeable impact. Organisers of Masterpiece, one of many festivals cancelled this summer season, advised Sky News that the variety of EU-based galleries making use of to take part this 12 m...










