After having the highest value-added tax (VAT) rate for art in the European Union, Italy has just reduced it to 5%, the new European low.
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After having the highest value-added tax (VAT) rate for art in the European Union, Italy has just reduced it to 5%, the new European low.
![Merina [Pop Chalee] Lujan, Taos, 1906 – 1993, Yellow Horse, gouache on paper, 13 1/8 x 18 1/8 in. (33.3 x 46 cm.) Estimate: 1,000 – 2,000](https://cdn.artandobject.com/sites/default/files/styles/image_5_column/public/4630-58.jpg?itok=kBAYkc0u)
