Date of Award

2026

Document Type

Dissertation - Restricted Access (SIA Only)

Degree Name

Master of Arts (MA)

Department

Art Business

Abstract

This dissertation examines the impact of Italy’s cultural heritage export regulations, focusing on the 2017 reform, on the growth, competitiveness and strategic direction of the Italian art market. By combining quantitative analysis of auction data for ten post-war Italian artists with interviews involving Old Masters gallerists, legal experts, academics and auction professionals, this research explores how legislations shapes its market dynamics. The findings unveil a limited evidence of structural change following the reform, suggesting that modest increases in post-war artist sales are likely influenced by a broader of institutional and market dynamics. Nevertheless, interviews indicate that regulation still has a meaningful impact on professional practices and strategic decisions. Overall, this dissertation demonstrates that Italy’s cultural heritage export regime continues to limit and constrain its art market and it sheds a light on the need for a more balanced framework capable of supporting both cultural preservation and the sustainable development of the Italian art trade. The tension between patrimony and trade remains unresolved.

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