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 Art Copyright and Royalties

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Faye
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Join date : 2009-03-21

PostSubject: Art Copyright and Royalties   Sat Mar 21, 2009 10:15 pm

From what I understand reading this article artists will get a royalty payment on resales or their art works from July this year!

Is anyone aware of the details of this. An article in The Australian discusses this and an extract says - "Under the scheme, a flat resale royalty rate of 5 per cent will apply to all works sold for more than $1000 after July next year. It will cover works resold during an artist's lifetime and for 70 years after their death."

http://www.theaustralian.news.com.au/story/0,25197,25025213-5013871,00.html

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