tag:blogger.com,1999:blog-4513524515428334509.post5705529725450052062..comments2024-03-26T10:41:35.852+00:00Comments on The 1709 Blog: Australia's art resale scheme: can it ever be self-sustaining?Marie-Andree Weisshttp://www.blogger.com/profile/17125973798789498436noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4513524515428334509.post-11825018574421790882012-05-15T23:04:43.854+01:002012-05-15T23:04:43.854+01:00Libby The respect is mutual.
Mr Arnold I am an ...Libby The respect is mutual.<br /><br /><br />Mr Arnold I am an artist you are not.<br /><br />Things are much worse than I feared. <br /> The royalty does not apply to lots of alternative art-like things <br />and it makes no allowance for costs , of course it is affecting buyer behavior, particularly about living Indigenous art/artists.<br />The percentage of Aboriginal art being sold on the secondary market is now less than 10% of the entire market and decreasing to a point where soon it will be more like 5% of the market. This takes the position of Aboriginal art back to where it was in the early 90s.<br /><br /> The resale royalty legislation is not just assisting this decline - it is actually quickening it. By imposing a levy on the trade of Aboriginal art through the Code it places this trade at a distinct competitive disadvantage to non-Aboriginal art.<br /><br />Some large quality collections of indigenous art are to be auctioned at the end of this month, that is not because of confidence in the future.john walkerhttps://www.blogger.com/profile/09294818072841970915noreply@blogger.comtag:blogger.com,1999:blog-4513524515428334509.post-26370980954344624062012-05-15T08:34:11.410+01:002012-05-15T08:34:11.410+01:00In the absence of readily available and authoritat...In the absence of readily available and authoritative figures it's impossible to say whether the droit rather than the Global Financial crisis is having the supposedly "devastating effect on the art market" in Australia and has "undermined confidence resulting in reduced demand".<br /><br />The "messy reality" is that we don't know. The messy reality is that the droit's probably been neither as wonderful as claimed by the Government nor as utterly nasty as claimed by its critics. Policy-by-hyperbole, rather than the droit as such, is what's bad.Bruce Arnoldhttp://barnoldlaw.blogspot.com.au/noreply@blogger.comtag:blogger.com,1999:blog-4513524515428334509.post-14013712666555721932012-05-15T07:53:16.865+01:002012-05-15T07:53:16.865+01:00The resale royalty scheme has been in operation in...The resale royalty scheme has been in operation in Australia since June 2010. There is information about the scheme, including the amount of royalties collected and the number of artists who have benefited, on the resale royalty website, <a href="http://www.resaleroyalty.org.au" rel="nofollow">www.resaleroyalty.org.au</a>. <br /><br />As at 31 March 2012, the scheme had generated more than $600,000 for more than 380 artists.<br /><br />The Australian scheme exempts payment of the royalty if the resale is the first transfer of ownership since June 2010. While the majority of resales were exempted from payment when the scheme began, the proportion of resales eligible for a royalty is increasing as works continue to change hands.<br /><br />A significant proportion of the funding we received from the government has been directed to engagement with, and assistance to, art market professionals and artists. Many of the artists eligible for royalties are Indigenous artists in remote areas. While our assistance and engagement will continue, there is now good awareness in the community about the scheme as a result of the initial focused education campaign. <br /><br />Our experience has been that artists have welcomed the scheme. In addition to the royalties, they appreciate information about the sales history of their works. We have not seen any evidence that the scheme has been detrimental to artists’ interests.<br /><br />Under the Australian scheme, an artist cannot waive their entitlement to royalties entirely, but can instruct us not to collect a royalty for a particular resale. <br /><br />And I should finish by saying that despite John’s reservations about the policy underlying the scheme, he has generously provided us with helpful assistance on a number of matters associated with our management of the scheme. <br /><br />Libby Baulch, Copyright AgencyLibby Baulch, Copyright Agencyhttp://www.copyright.com.aunoreply@blogger.com