The Resale Royalty Law Has Been “pretty irrelevant”
So say the dealers of contemporary art in the UK and the auction houses, which have racked up strong prices for Modern and contemporary artworks this past January and in the recent June sales in London. “We’ve had two very successful seasons,” and the resale royalty law has been “pretty irrelevant,” according to a spokesman for Christie’s.
Daniel Grant, writing for the Huffington Post, adds, “Worries about the law’s effect have struck many in the trade as theoretical rather than actual.”
Tags: art, auction houses, Christies, collectors, daniel grant, droit de suite, gallery dealers, law, london, resale rights, uk
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