ARTFEED — Contemporary Art Intelligence

Giosuè Prezioso on Art, Economy, and Protection in Italy

opinion-review · 2026-04-26

Giosuè Prezioso, director of Unicollege Torino, discusses the interplay between art, economy, and legal protection in an interview. He highlights a systemic lack of economic education in art, noting that most students cannot value artworks. Prezioso advocates for integrating business and management courses into humanities curricula. He praises Italy's recent reduction of VAT on art sales from 22% to 5%, a move that could help Italy reclaim market share lost by the UK after Brexit. He criticizes the underfunding of AFAM (Higher Education in Art, Music, and Dance) institutions, which receive less than universities, and notes that the 2025 budget cuts culture funding from 0.4% to 0.3% of GDP, redirecting funds to defense. Prezioso discusses the challenges of selling performance and digital art, citing Federico Clapis (Pak) as the highest-paid digital artist with The Merge selling for $91.8 million. He introduces DNArt, a technology from Ca' Foscari University that uses transparent ink and infrared readers to authenticate physical artworks. He calls for more specialized legal professionals to protect cultural heritage and expresses optimism about younger generations' interdisciplinary interests.

Key facts

  • Giosuè Prezioso is director of Unicollege Torino.
  • He studied Art History at John Cabot University in Rome and earned a Master of Science in Art, Law and Business from Christie's in London.
  • Italy reduced VAT on art sales from 22% to 5%.
  • The UK holds 21% of the global art market; Italy holds 1%.
  • Italy's 2025 budget cuts culture funding from 0.4% to 0.3% of GDP, a reduction of nearly 150 million euros.
  • Federico Clapis (Pak) sold The Merge for $91.8 million, the most expensive work by a living artist.
  • DNArt is an anti-counterfeiting technology using transparent ink and infrared readers, developed by a Ca' Foscari University spin-off.
  • 78% of sold artworks are paintings.

Entities

Artists

  • Giosuè Prezioso
  • Federico Clapis
  • Pak
  • Jeff Koons
  • Andy Warhol
  • Enrico Crispolti
  • Achille Bonito Oliva
  • Tino Sehgal
  • Vito Ancona

Institutions

  • Unicollege Torino
  • John Cabot University
  • Christie's
  • Artribune
  • Ca' Foscari University
  • Accademia di Belle Arti di Roma
  • Accademia dell'Aquila
  • Politecnico di Milano
  • Royal Academy of Fine Arts of Antwerp
  • IUAV di Venezia

Locations

  • Italy
  • Rome
  • London
  • United Kingdom
  • Alcamo
  • Milan
  • Antwerp
  • Venice

Sources