Friday, November 27, 2009

RESALE ROYALTY RIGHT - CAN YOU IMAGINE...?

Australia just passed new legislation that allows artists to receive 5 percent of the resale of their work 1,000 dollars or higher. I can't imagine those fat-cat American collectors having to give up an extra 5 percent at auction after already paying the 30 percent to the auction house....here's the article in full (link)

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