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A resale royalty right is one way by which to address this perceived inequity by allowing artists to receive additional compensation from later sales of the original work of art. Some foreign countries have experience with this approach.
Under the artists’ resale royalty scheme, artists receive royalties on certain resales of their work. Copyright Agency has been appointed by the government to collect royalties to pay to the artists.
10 juin 2020 · Known as droit de suite, resale royalty right intends to address the perceived injustice of artists not being able to reap benefits from the increase in the value of their artworks, that might have been sold for a lower price in the first sale of their works.
1 juil. 2019 · The discussion of droit de suite, or resale royalty rights for visual artists, across the globe continues to be of interest while European authorities debate the mechanics of the right and the United States Congress considers new legislation.
Who is responsible for paying the resale royalty – the buyer or the seller? What is an appropriate royalty rate? And what should be the basis for its calculation – the sales price or the auction price?
13 juil. 2022 · Our columnist explains why it hurts almost all market players to portray resale royalties as a zero-sum game.
24 oct. 2014 · American artists and legislators have been actively battling to introduce a national Artist Resale Royalty for almost half a century. Here is our illustrated introduction.
