The Droit De Suite Dilemma (And Why It's Just A Bad Idea)

"Just as droit de suite – the requirement that artists receive royalties on secondary sales of their work – is about to go into effect in the UK, the US Congress has introduced its own droit de suite bill, which would require payment of a seven percent fee on resales above $10,000.  As described in The Art Newspaper, 'The Equity for Visual Artists Act of 2011, would set aside 7% of the price for works resold for more than $10,000 at major auction houses, such as Christie’s and Sotheby’s, with half the proceeds going to the artists and half to non-profit art museums.'

Good news? Or bad?"  [Read Full Article]

Published by:  Forbes
On:  12/21/11
Website:  http://www.forbes.com

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