Comments on: UK Art Resale Right Blunder – artmarketblog.com

By: Amanda Bidjes

Amanda Bidjes — Tue, 03 Nov 2009 12:31:34 +0000

The art of the deceased will always be more appealing for the collectors.
Having a think about it, it is all they like to day. Being an artist isn’t simple if you are only recognized later.

I sincerely hope artists will start to get appreciated for their work when they release their art.

Amanda

By: ElizabethBelhadj

ElizabethBelhadj — Sun, 28 Dec 2008 11:38:34 +0000

It is very clear that with out the implementation of the ARR worldwide, living artists are at a considerable loss which leads on to unfair advantages compared to deceased artists.

Deceased Artists already have a unfair advantage, anyway, with their works being more desirable to collectors on the bases of rarity.

So I think the debate is not where the collectors can obtain cheaper or low cost art, its more along the lines of creating oppotunites for the art market to flourish for both the living and deceased, on an equal level.

By: artforprofits

artforprofits — Sun, 28 Dec 2008 06:31:03 +0000

Hi Matt,
Thanks for the comment. I understand where you are coming from but I disagree that the effect on contemporary artists will be negligible. While the art market boom was in full swing the resale royalty would not have been of great concern to those buyers driving the art market. Now that the art market is in correction mode and the financial crisis has taken hold every penny counts and those mega wealthy trophy hunters are now being replaced by sensible collectors and investors who do not have copious amounts of money to waste. Although there may be some dealers who choose to conduct transactions outside the UK because of the Resale Royalty it will only be a small percentage and only for very valuable works where the cost of conducting the transaction overseas can be justified. If there was going to be a mass exodus of dealers to countries where there is no RRR it would have already happened when the RRR was introduced for the resale of works by living artists. Putting money back into the visual arts is really important especially for contemporary artists but if works by living artists are going to attract the royalty then the works of deceased artists need to as well otherwise the advantage of the RRR to the living artists is decreased by the advantage given to deceased artists by not making the RRR applicable for their work.

Nick

By: Matt

Matt — Sat, 27 Dec 2008 18:51:17 +0000

I don’t agree with your analysis. The secondary and primary markets are substantively different. Resale right doesn’t apply anyway on a first sale of a work by a contemporary artist in a gallery – it is a ‘resale’ right. The effect on contemporary artists will be negligible. The effect on art dealers,. many of whom support shows of contemporary artists by their dealing on the secondary market, would have been considerable. Auction trade especially, but also dealer trade, would have gone to countries outside the resale right area. Already as it is UK dealers are stockpiling works in Switzerland in order to avoid having to charge the resale right when they sell (if the work is physically in Switzerland at time of sale, the sale takes place in Switzerland, ergo no resale right tax to pay to HM Gov). Let’s hope that the derogation is the first step towards discarding the whole idea of a resale right. Britain’s art-market is one of the country’s success stories: why destroy it in aid of EU ideology and because of lobbying by private bodies such as DACS?

By: Рецепты

Рецепты — Thu, 25 Dec 2008 16:03:04 +0000

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By: ElizabethBelhadj

ElizabethBelhadj — Thu, 25 Dec 2008 12:59:04 +0000

D’roit de Suite – or the Artists Resale Rights

If I am correct, in the EU we have currently 11 state members holding the ARR, of this number we are seeing only 8 active members pushing forward our artistic rights. If we are to see a world wide reaction of such a movement, then all 11 memeber states should participate in the inactment of the ARR. By the 11 states acting together in pushing forth the ARR, it would encourage a world wide participation in our favour.

The UK Government are under- estamating the impact that the ARR could have on the current art market.

Seeing a world wide movement of this act, would see the art market florish across the board, both for living and dead artist. Making and encouraging a growth in production and sales of original art pieces.

So why does the EU hold back from pushing the AAR forward ?

In the slow down of growth regarding the commercial market, it is understandable that with any new venture, there are reservations, but to turn the current situation around investors have to start looking up instead of down, opening new doors of encouragement for our world wide- Art Market, could only lead to new oppotunities and at the same time, letting go of restricting the bounties for all creative persons. So moving forward seems the best direction.