Notes related to ARCO

We explored the visions and practices of eleven Latin American galleries to gauge the pulse of the region’s art and its status at ARCO, with proposals that, without ignoring the commercial side, affirm tradition, experimentation, and diversity of languages as a common hallmark.

Spain applies a 21% VAT to gallery sales of artworks, a rate in place since 2012. In contrast, other cultural sectors benefit from reduced rates: cinema, theatre and concerts are taxed at 10%, and books at 4%. Contemporary art galleries, however, remain subject to the general rate.