The Art World is Ripe for Regulation & Compliance, But Will it Comply?
When will the US DOJ and the Treasury draw the line?
A bill designed to regulate the world of art and antiquities entitled, The Enablers Act, was introduced last year and passed a House vote, but then quietly died on the Senate floor in December. It is not the last we will see or hear of this bill, or something very similar, and that is because the art world’s days of operating as a washing machine for the wealthy and the corrupt are coming to an end. The United States government has had enough of the art world’s rampant tax evasion and will soon impose compliance on the market, one way or another.
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