After several appeals, the country’s highest court agreed that auction houses may ask buyers to pay a levy — a decision critics say will “disrupt competition” and damage the art market.
On Tuesday the US Ninth Circuit Court of Appeals delivered its ruling on the California Resale Royalty Act (CRRA), deeming it unconstitutional but, unlike the District Court that examined it back in 2012, deciding that the offending clause could be removed without having to strike the entire act.
The proposed US Congressional bill to give visual artists royalties on the resale of their work at auction is dead, but a House Representative plans to revive it.
With a group show simply titled The Contract, the Lower East Side gallery Essex Street encourages us to consider an old proposition: the “Artist’s Reserved Rights Transfer and Sale Agreement” by the pioneering dealer of conceptual art Seth Siegelaub and the lawyer Robert Projansky.
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.
The American Royalties Too (ART) Act calls for the return of 5 percent of a work’s resale value to its maker if it sells at auction for over $5,000, with royalties capped at $35,000.