In Germany’s Latest Bailout for the Arts, the Government Is Spending $18.7 Million to Keep Commercial Galleries Afloat | IFACCA - International Federation of Arts Councils and Culture Agencies

News / In Germany’s Latest Bailout for the Arts, the Government Is Spending $18.7 Million to Keep Commercial Galleries Afloat

In Germany’s Latest Bailout for the Arts, the Government Is Spending $18.7 Million to Keep Commercial Galleries Afloat

artnet,
28 September 2020, International

The German government has announced a €16 million ($18.7 million) package to help the art market dig itself out of its current slump. The cash injection is intended to help the sector recover after a prolonged lockdown halted art fairs and collector spending.

https://news.artnet.com/market/german-commercial-galleries-bailout-1911212

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