Artist’s Resale Right

Summary:

The Artist's Resale Right (ARR) entitles authors of original works of art to a royalty each time their work is resold through an art market professional. The right applies when the sale price reaches or exceeds u00a31,000 and is calculated on a sliding scale, with a maximum royalty payment of u00a312,500. ARR is exempt of VAT and is managed by collecting societies, which distribute the royalties to the artists. Some sales are exempt, including those between private individuals or to public, non-profit making museums. The UK has reciprocal resale royalty arrangements with European Economic Area countries, Australia, and New Zealand.