Tax Policy Center

art freeports

Individual Taxes: TaxVox

Capital Gains Taxes Are Hurting The Fine Art Market, But Not The Way You Think

This year’s New York art auctions disappointed. The $1.4 billion in spring sales were 22 percent lower than 2023, and off 36 percent from 2022,...
June 3, 2024Howard Gleckman
: TaxVox

Does the World Need Tax-Advantaged Art Freeports?

High-end collectors can delay taxes indefinitely by buying and storing their art in “freeports.” Why?
February 2, 2022Renu Zaretsky