The American Royalties Too Act (ART Act)
It’s funny but I’m really not sure how I feel about this legislation to give Artists a share of auction proceeds generated by customers subsequently selling their Art.
Part me me says it’s a wonderful thing, part of me figures it’s a nightmare for the auction houses.
It would be wonderful to receive checks out of the blue as the price of your Art spirals upward.
It will be a nightmare for the auction houses to track down & pay bunches of people they’re not necessarily knowledgeable of and then generate the W-2’s in December.
Now this probably won’t effect me personally since it doesn’t kick in until the sale price exceeds $5000.
The article in PDN is consist and well written. I encourage anyone who is an Artist to read it.
So…what do you think?
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