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Artist’s Resale Right call-to-arms!
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'The Design and Artists Copyright Society'. Courtesy: DACS. Copyright: DACS
DACS (Design and Artists Copyright Society) calls for people to sign petition welcoming the final implementation of the Artist’s Resale Right.
Artists and supporters of art are being rallied to support an important Right for artists, their families and beneficiaries. The Artist's Resale Right currently allows visual artists an ongoing stake in the value of their work by paying artists a modest royalty when their works are resold through auction houses, galleries, and art dealers.
The Right successfully balances the interests of artists with the interests of the art trade and recognises the continuing stake an artist has in the economic value of their work. The full implementation of the Right will extend this royalty to deceased artists' families and beneficiaries, providing desperately needed funding for managing an artist's estate. This includes the costs of storage, conservation, cataloguing, research, restoration, assessment of provenance, and the identification of fakes.
Since the first stage of implementation in February 2006, DACS has paid more than 2000 artists over £12 million in resale royalties. Despite fears that the Artist's Resale Right would divert sales from the UK to countries which do not have an equivalent right, there has been no evidence to support this. The Right has several mechanisms in place to protect the interests of the art trade including tiered royalty rates ranging from 4% down to 0.25% which are dictated by law, and most significantly, a cap on the royalty an artist can receive on a single sale of €12,500 (approximately £11,000).
The Artist's Resale Right will be fully established on 1 January 2012 aligning it with all other EU member states.
Gilane Tawadros, Chief Executive of DACS says: "There are far greater costs associated with selling works of art that dwarf the impact of the resale right. When Alberto Giacometti's Walking Man I sold for £58 million in the UK in February 2010, it earned £7 million in buyer's premium for the auction house. Compare this to the £2.4 million in resale royalties which were generated by the entire UK art market during the whole of 2010."
Jack Hutchinson
Jack Hutchinson is an artist, writer and educator. A specialist on the role of digital technology within the visual arts, he is Communications Officer for AIR: Artists Interaction and Representation through a-n The Artists Information Company. His writing has featured in a diverse range of publications, including Dazed and Confused, Garageland, Guardian Culture Professionals, Twin Magazine, a-n Magazine and Schweizer Kunst. Based in London at Bow Arts Trust, he is an active campaigner for artistic, legislative and economic measures that enhance artists' working lives and professional status. His multi-disciplinary visual practice has featured in solo and group exhibitions across the UK.
jackhutchinsonair@googlemail.com | www.jackjhutchinson.wordpress.com
First published: a-n.co.uk August 2011
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