Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

U.S. stock futures surge as Trump dismisses latest China tariff tensions: ‘It will all be fine’

October 12, 2025

Smithsonian Closes Museums Amid Government Shutdown

October 12, 2025

Friday Briefing: It's all getting more complicated for retail investors 

October 12, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

Italy’s embattled junior culture minister resigns amid scandals

News RoomBy News RoomFebruary 2, 2024
Share
Facebook Twitter LinkedIn Pinterest Email

Vittorio Sgarbi, the controversial Italian art critic and polemicist who is being investigated for art crimes, has resigned as a junior culture minister with immediate effect, prompting a flurry of celebratory messages from his political foes.

“I am resigning with immediate effect as undersecretary, and I’ll send a letter to [prime minister Giorgia] Meloni,” the 71-year-old said in a speech on Friday on the sidelines of a Milan conference about Italy’s economic future, drawing audible gasps and groans from audience members.

“Better late than never,” wrote Tomaso Montanari, a prominent left-wing art historian, on X, formerly Twitter.

Pressure had been mounting on Sgarbi to step down after prosecutors in Macerata began investigating him in January for allegedly acquiring La Cattura di San Pietro (The Capture of St Peter)—a 1637-39 painting attributed to Rutilio Manetti that was stolen from Castello di Buriasco in Piedmont in 2013—through elicit means, before adding a torch to the canvas to hide its origin. An alliance of opposition politicians, including from the Five Star Movement, subsequently filed a motion of no confidence that was due to be voted on in parliament on 15 February.

In a separate case, the Italian Competition Authority launched a probe in October following a complaint by Gennaro Sangiuliano, the culture minister, to establish whether payments Sgarbi had earned from public appearances were incompatible with his work as a ministry official. Prior to the complaint, Sgarbi had publicly attacked a number of Sangiuliano’s policies.

Sgarbi said on Friday that he had decided to resign after receiving a “long and confused letter” from the Competition Authority claiming that his cultural engagements were “incompatible, illegal, outlawed”. Leaving his ministerial role, he suggested, would allow him to honour his cultural commitments. “From now on I am just Sgarbi, not the junior culture minister,” he said. “From this moment, I can speak freely.”

Elisa Scutella, a parliamentarian for the opposition Five Star Movement, wrote on Facebook: “The Five Star Movement demanded Sgarbi’s resignation, and we finally achieved the goal! […] Those in government positions cannot deface the image and prestige of our country.”

As junior minister, Sgarbi had campaigned to make museums free to Italians and slash value-added tax on art imports to make the country more competitive in the global art market. It is not immediately clear who will replace him.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Smithsonian Closes Museums Amid Government Shutdown

Upsilon Is the Latest Gallery to Try the Fast-Growing Milan Market

Patrick Eugène Collaborates with Dior for 10th Edition of Lady Dior Art Project

Instagram Launches ‘Rings’ Awards for Creators—With KAWS as a Judge

Two Years After Scandal, Kochi-Muziris Biennial Announces 66 Participating Artists from Over 20 Countries for December Exhibition

Kochi-Muziris Biennale announces participating artists for its 2025 edition.

The Rubin Names 2025 Art Prize Winner and 15 Recipients of Research and Art Projects Grants

An exhibition in New York City takes on censorship in the art world – The Art Newspaper

Sotheby’s Consigns 10 Works From Matthew and Carolyn Bucksbaum, Led by Magritte Est. At $9 M.

Recent Posts
  • U.S. stock futures surge as Trump dismisses latest China tariff tensions: ‘It will all be fine’
  • Smithsonian Closes Museums Amid Government Shutdown
  • Friday Briefing: It's all getting more complicated for retail investors 
  • McDonald’s to give away free food and $1 million with its Monopoly game — and analysts say it could lift sales
  • If New York or California enter a recession, the entire U.S. economy would be next. So how are they doing?

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

Smithsonian Closes Museums Amid Government Shutdown

October 12, 2025

Friday Briefing: It's all getting more complicated for retail investors 

October 12, 2025

McDonald’s to give away free food and $1 million with its Monopoly game — and analysts say it could lift sales

October 11, 2025

If New York or California enter a recession, the entire U.S. economy would be next. So how are they doing?

October 11, 2025

Some of the largest exchanges and financial institutions are embracing betting platforms and crypto. Is it just for the fees?

October 11, 2025
Facebook X (Twitter) Instagram
© 2025 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.