In this edition of the ArtTactic Podcast, David Arendt, General Manager of Natural Le Coultre SA, joins us to talk about the future Luxembourg Freeport which is expected to be complete in 2014. First, David analyzes the tax benefits of storing artwork and other goods within a freeport. Then, he walks us through a hypothetical scenario describing the process in which a dealer brings a work into the freeport, sells the work within the freeport and the new owner of the work leaves with the artwork. Additionally, David discusses the important of the freeport being located within the airport, while also detailing the different services offered within the freeport. Lastly, David describes the Luxembourg government's role throughout the development of the freeport.
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