What does the election mean for France’s art market?

THE ART NEWSPAPER |  Claudia Barbieri Childs, Brian Childs:

The results of the impending French presidential election could radically change the country’s political landscape and alter the balance of power between London and continental European market places, casting a cloud of uncertainty over France’s resilient art trade.

Although attendance and sales at Paris’s leading art fairs, such as Fiac, the Biennale des Antiquaires, PAD and Paris Photo, suffered in the wake of the deadly terrorist attack in the capital in 2015, the city’s auction houses bucked the global downwards trend in 2016: turnover at Christie’s France rose 4.5% to €244.6m, Sotheby’s France rose 4.3% to €220m, and Artcurial rose 10% to €210m. Only Drouot reported a very modest slip in sales from €375m to €370m… Read more

Image: A worker puts the final touches to giant figures of French politicians that include French President François Hollande, Marine Le Pen, Emmanuel Macron and Nicolas Sarkozy during preparations for the 2017 carnival parade in Nice, France. Image: Reuters/Eri