Luxembourg Opens Freeport for Trading of Art and Valuables

September 19th, 2014

The nation of Luxembourg has opened a new freeport within its borders, where valuables like fine art can be traded and stored without paying any taxes or customs.  “There are a lot more transactions in the art market and it has become far more global, with increasing numbers of collectors in Russia, the Middle East and China,” says Arts Economics researcher Clare McAndrew.Read more at Reuters