For the half-year to 30 June 2014, the IPKat's regular team is supplemented by contributions from guest bloggers Alberto Bellan, Darren Meale and Nadia Zegze.

Two of our regular Kats are currently on blogging sabbaticals. They are David Brophy and Catherine Lee.

Saturday, 17 December 2005

DETAILS OF ARTIST'S RESALE RIGHT ANNOUNCED


The Independent reports that the Patent Office has announced exactly how the new artist’s resale right will work. The resale right implements the EU Directive and will come into force for living artists in January 2006. Heirs of deceased artists won’t benefit until 2010.

Under the new regime, artists will benefit when any work is sold for over 1,000 euros (approximately £680). Generally, the royalty payable will be 4% of the sale price, but this amount reduces where a work is sold for over £50,000. The maximum payable royalty is capped at £12,500.

Although auction houses have expressed unhappiness at the system, arguing that it will encourage art-sellers to put their works on offer in Switzerland and the US, artists are welcoming the development. In particular, the 1,000 euro starting point has been praised since it will allow less popular artists to benefit. It was previously feared that a 3,000 euro starting point would be imposed.

The IPKat echoes the sentiment expressed by DACS, that the introduction of the droite de suite is fair, since it allows artists to gain royalties upon the sale of their works, like authors and musicians do.

2 comments:

Jeremy said...

Er, one half of the IPKat might be echoing the sentiments expressed by DACS - but the other is most sceptical. The scheme is nothing like royalties, since it's a tax on the resale of a chattel; it's not an intellectual property right at all. Is there really no better way to benefit artists - particularly those who are alive and need financial support - than this?

Ilanah said...

Jonathan Thurgood recommends this link on the subject
http://eureferendum.blogspot.com/2005/12/its-our-old-friend-droit-de-suite.html

Subscribe to the IPKat's posts by email here

Just pop your email address into the box and click 'Subscribe':