The Antiques Trade Gazette reports that European Commission has not been able to establish a link between the Artist’s Resale Royalty and a decline in the secondary market in Europe. It does recognize that the administration costs present a real problem for the royalty scheme which puts the proposed legislation in the United States in a clearer light:
However, the EC has decided to conduct another impact study in 2014, two years after the extension of the levy to the estates of artists who have been dead for less than 70 years, when it believes the picture should be clearer.
The EC also expresses concern at the administrative and costs burden on smaller dealers of fulfilling their obligations under ARR. It criticises some of the collecting societies involved and says it will establish a system of best practice to minimise costs and red tape for end users in the trade.
EU Impact Study on Resale Right Inconclusive (Antiques Trade Gazette)
