Wednesday, January 19, 2022
 

U.S. Supreme Court Declines Resale Royalties Case


In a huge blow against visual artists (at least those that care about making money on ongoing resales of their works), yesterday, the U.S. Supreme Court declined to hear an appeal by a group of artists, including painter Chuck Close, that argued that a federal appeals court improperly struck down portions of a California law guaranteeing artists royalties each time their work is sold.

The California Resale Royalty Act of 1976 provides that visual artists living in the state receive a 5% share of any subsequent sales of their artworks worth over $1,000 during their lifetimes or within two decades of their deaths.

More here via the WSJ.

 

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