Resale royalty eNews December 2011
We publish an issue of Resale Royalty eNews three or four times a year, with news about developments for the resale royalty scheme. We email more than 2,500 recipients, who include artists, art market professionals and others interested in the resale royalty scheme.
If you would like to subscribe, contact us.
In this edition
Breaking news: Reporting resales under $1,000 no longer required
The Minister for the Arts announced today some changes to the artists’ resale royalty scheme to simplify reporting of resales to Copyright Agency.
Copyright Agency was appointed to manage the scheme, which commenced in June 2010. The scheme has since generated more than $500,000 in royalties from over 3,000 resales that will benefit over 300 artists. There is more information about the scheme at www.resaleroyalty.org.au.
In response to requests from Copyright Agency and the sector, the Australian government has determined that resales under $1,000 no longer need to be reported. Resales under $1,000 do not attract royalties, so this change will not affect artists’ income, however, it will reduce the reporting requirements for art market professionals.
The changes enable the government to determine a reporting format, which will assist art market professionals streamline their reporting processes, and contribute to administrative efficiencies. The Minister’s media release is available here.
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Last month we added a new webpage to the resale royalty website, with information about royalties where an artist or beneficiary lives overseas: click here to view. Royalties are not currently payable for works where there is no beneficiary with the requisite connection with Australia. This is currently the case for works by Sidney Nolan and Roy de Maistre, however, the situation in each case may change if reciprocal arrangements are put in place or there is a change in beneficiaries.
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Our negotiations to establish reciprocal arrangements with other countries are progressing well, and discussions are close to finalisation with a number of countries. The process for establishing these arrangements can take time as it generally requires agreement from the reciprocal country then changes to that country’s legislation or regulations, and changes to Australia’s regulations to include that country. We anticipate having more to report on this in 2012.
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On 5 December 2011 Copyright Agency announced artist David Bradbury as the winner of the first round of Artlike, an art appreciation initiative using social media platform, Facebook.
Artlike is an art competition run through Copyright Agency’s Artists’ Resale Royalty Facebook page – where budding artists can submit their work to Copyright Agency for posting on the page, with the winner chosen by the amount of ‘likes’ received.
The first round of our Artlike Facebook competition closed on 30 November, with David Bradbury’s Woman and baby reflected in the mirror, winning convincingly with the most ‘likes’.
Originally from England, David is based in Sydney and has been painting since he was a child. In 1997 he launched a website www.badart.co.uk through which he takes on commissions.
While David paints all sorts subjects, he most enjoys portraits. ‘I'm not inspired to paint landscapes but people are endlessly fascinating, even if they're maddeningly difficult to paint (especially noses and mouths),’ he says.
Woman and baby reflected in the mirror was a commissioned work for a client in England.
For winning this round of Artlike, David’s painting will be featured in the December issue of Copyright Agency’s Calendar magazine.
The next round of Artlike closes on Wednesday 29 February. To enter please download our application form or visit the page on our website. Please read the terms and conditions before entering.
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This is our last newsletter for 2011, but please look forward to receiving one every quarter in 2012. Our first issue in January will provide an in-depth look at how the resale royalty scheme has particularly benefitted Indigenous artists.
We wish you all a safe and happy holiday season.
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