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British Art Market Federation

UK's Artist Resale Royalty Law Didn't Damage the Art Market (Despite All the Claims)

Daniel Grant | Posted 09.14.2012 | Arts
Daniel Grant

Buyers would stop buying contemporary artists, because they will refuse to pay the royalty at some point in the future; British sellers of this art would look to sell in Switzerland or the United States, where there is no royalty to be paid.