The bill requires deduction of 7%of the hammer price of more 10 thousand dollars, sold on the world's leading auction, with a further section of the amount received between the artist and the state museums

theartnewspaper.com

Yesterday in the U.S. House of Representatives Democratic Party congressman from New York Jerrold Nadler (Jerrold Nadler) proposed a bill to introduce in America the principle of paying the artists copyright interest in the resale of their works at auctions (in Europe the right of artists to these deductions is called Droit de suite - 'droit de suite "). A similar bill in the Senate proposed to the Democratic Party senator from Wisconsin Emblem Kohl (Herb Kohl). Bill" The rights of artists »(Equity for Visual Artists Act) requires dismissal of the price of 7 per cent more expensive than the hammer of 10 thousand dollars, sold on the world's leading auctions such as Christie's and Sotheby's. Half of the amount received should go to the author of the work and the other half - debited to any non-profit art museum.

«Artists deserve a share of the profits from sales and resales of products of their creativity. It is important to ensure fair compensation to artists - especially in difficult economic circumstances when the normal ways to support the artists are not as reliable. This bill will help working artists, copyright payment of interest will encourage them to create new works, and funds that will be established at state museums, museums will be used for the purchase of new works by these artists, "- says his bill Nadler.

The bill provides for royalties for resale only to work through those auction houses, whose annual turnover of more than $ 25 million. At the auction houses that sell exclusively through the Internet, as well as private galleries of the new law will not apply.

need a federal law on the right route to the United States has been discussed for the summer . Recall that the law of copyright in the U.S. until the percentage is only valid in the State of California (California Resale Royalty Act). However, his careless performance of auction houses made several known artists including Chuck Close, Lady John, and others, to file class actions for Sotheby's and Christie's with the requirement payments due to them.

And at this time law on the right route taken across the EU (will be operational from 2012), including in the UK , where the art community is seriously concerned about how this measure will affect the market.

Prepared by Mary Onuchina, AI

Sources : artinvestment.ru