Resale Royalties Are Roiling the Art Market in the U.K. and California
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Christopher Battiscomb,
Anthony Caro,
Design and Artists Copyright Society,
Chuck Close,
Mark Grotjahn,
Artists' Resale Royalties,
David Hockney,
Herb Kohl,
Christie's,
Ebay,
Sotheby's,
Jerrold Nadler,
Arts News
In the past 15 months, several lawsuits by artists have been filed against collectors, art galleries and auctioneers Christie's, Sotheby's and even eBay, for failing to pay a percentage of the profits, referred to as royalties, when artworks are sold in California on the secondary market.
Daniel Grant | Posted 03.18.2012