Thursday, 3 April 2008
Here’s a report Peter Garrett might be interested in: the UK IP Office has released a Report it commissioned into the UK Resale Royalty Scheme.
The UK introduced such a scheme (which provides a percentage of sale prices of original artworks to the artist) in 2006 – as a result of a European Directive. Peter Garrett has in the past indicated some support for a scheme (for a potted history of developments in Australia, see here).
- About Â£2.5 million of Artist Resale Rights is being collected annually, of which around Â£1.5 million accrues to British artists. (NOTE: at the moment, the British scheme does not apply to dead artists – but it will in the future).
- Most of these payments are quite small, and the median payment to artists based on auction house data is Â£256. Auction house data indicate that during the period since its introduction, 80% of all ARR payments should have gone to the top 100 artists.
- The cost of administering ARR entailed a set-up cost in the region of Â£1 million and recurrent administration costs of Â£50,000 per year.
- While the administrative burden of ARR does not seem to have been excessive for most businesses, there have been a problems associated with difficulties in establishing the nationality of artists among other things. A significant minority of art market professionals, including the major auction houses, deem the administration of ARR to be intrusive and burdensome.
Doesn’t sound like the kind of thing that is going to change the world for artists to me.
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