Resales of artworks acquired before 9 June 2010 do not meet the criteria for a royalty payment – but they need not miss out altogether.
9 June 2020 marked a decade of the Resale Royalty Right for Visual Artists in Australia. The Copyright Agency is appointed by the Australian Government to collect and pay royalties to artists when their work is resold. Under the Resale Royalty Scheme, a 5% royalty is payable on certain resales worth $1,000 or more. You […]
With exhibitions, sales, teaching and other sources of casual income in short supply, the licensing income and resale royalties that flow to visual artists are more essential than ever. You’ve been asking for advice during this challenging period, so we’ve compiled some tips and information for you. And as always, the Visual Arts team remains […]
Over $1 million in resale royalty revenue was generated in the financial year of 2017-18, with more than 180 artists receiving their first eligible resale payment in that time. Artists from all stages of their careers are benefitting from the resale right, which entitles them or their estate to a 5% share of the sales […]
While the Resale Royalty Right is generally well understood, we are often asked to clarify the term ‘second resale’ and how it affects eligibility for resale royalty. If used out of context this term can lead to the wrong conclusion on a royalty being due. The term ‘second resale’ is relevant to artworks in existence […]
Image Credit: Created using stock images by Shutterstock.
Image Credit: Artwork 1: Emily Kame Kngwarreye, Untitled (awelye), 1995. Reproduced courtesy of Utopia Art Sydney. Artwork 2: Emily Kame Kngwarreye, Untitled, 1992. Reproduced courtesy of Utopia Art Sydney. Artwork 3: Emily Kame Kngwarreye, Untitled (yam), 1995. Reproduced courtesy of Utopia Art Sydney. Images courtesy of Thames & Hudson Australia.
Image Credit: Erub artist Jimmy K Thaiday recording artefacts at Cambridge Museum of Archaeology and Anthropology. Photo by Lynnette Griffiths. Courtesy of Erub Arts.
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