Why art dealers are up in arms at the EU’s new anti-terror legislation

New EU cultural property laws, effective June 28, aim to prevent the trade of illegally exported goods but may overwhelm art dealers with excessive bureaucracy. While intended to protect cultural property, these regulations require proof of legitimate export for items over 200 years old valued above €18,000, posing significant challenges for the art market and potentially driving dealers out of the EU.

Explain It To Me Like I’m 5: New EU laws aimed at preventing the trade of stolen art will create complicated bureaucracy for art dealers, making it harder to buy and sell valuable items, according to market experts.

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