Giving artists a share of the resale value of their works is an idea that has been struggling to be born in Australia. Europe has a not-very-successful version of the law. But in Australia, the plan is just now going into effect, according to the Australian:
Melbourne art dealer Charles Nodrum said the introduction of the GST was nothing compared with the burden he was about to endure. Although he supports the royalty in principle, he is frustrated at the lack of detail about its implementation.
“I was in favour of a resale royalty of sorts, but I would have been struggling to have cooked up a worse one than this,” he said. The royalty, part of Labor’s arts policy at the 2007 election, comes into effect on June 9. After that date, artists and their estates will be entitled to a 5 per cent royalty when their works are resold for more than $1000 in Australia.
Dealers Hang Art Levy Out to Dry (Australian)