Luxembourg Opens Art Freeport for Luxury Goods Storage

  • September 18, 2014 14:22

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This latest freeport boasts 160 rooms, eight private showrooms, and chilled rooms that can store 700,000 wine bottles. It's a high-security center and positioned adjacent to an airport to allow pricey collectibles to remain "in transit" and can be traded inside to elude steep sales tax placed on objects once they leave the facility.


Read more at http://www.reuters.com/article/2014/09/17/us-art-luxembourg-idUSKBN0HC26P20140917


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