The Resale Royalty Right for Visual Artists 2010 to 2023
June 1, 2023
As we approach the 13th anniversary of the Resale Royalty Right, we celebrate the milestone of $13 million in royalties generated by the scheme.
The Resale Royalty Right recognises artists ongoing rights in their work and provides them with a share of its ongoing value.
Here’s how the scheme is performing:
Over $13.3 million in resale royalties generated by the scheme
Nearly 2,600 artists and estates have had one or more resale royalties
Artists use resale royalties to pay for studio costs, materials and other expenses. It helps them to keep making art.
Over $1.7 million in resale royalties was generated by the scheme in 22/23.
The number of artists benefitting from resale royalty continues to grow, with over 200 artists having their first resale royalty in 22/23.
Artists’ estates use resale royalties to pay for publications and activities that support our ongoing engagement with the artist’s work. It is often the only income they receive.
65% of the artists who have had a resale royalty are Aboriginal and Torres Strait Islanders. They have received 38% of the royalties.
Artists say receiving reports of their resales keeps them involved in the journey their art is taking and is useful for provenance.
80% of royalties are between $50 and $500.
Of the 50 artists who have received the most resale royalty, 17 are Aboriginal and Torres Strait Islander.
Remote & regional
The scheme has a strong impact in remote and regional locations with 40% of the artists residing in NT and central Australia.
Preparations to extend the right continue. An update on the consultation process will be provided shortly. In the meantime, you can read more information here.
For more information about the scheme go to: www.resaleroyalty.org.au