Artists could soon get a share of the resale price of their works

0
245

Artists could soon get a share of the resale price of their works

A reform of the Copyright Act could allow artists to obtain a share in the event of the resale of their creations.

Artists could soon receive financial compensation if a of their works is resold, under a reform of the Copyright Act currently being prepared.

This provides that painters and other creators of visual arts are paid if one of their works is resold during an auction or by an art gallery.

Artists have complained about not receiving a penny when one of their creations, which has greatly increased in value, is resold by a collector.

For example, the late Inuk artist Kenojuak Ashevak sold a 1960 print titled The Enchanted Owl for $24. This work was later resold for over $158,000.

The reform of the Copyright Act is currently being prepared by the Minister for Innovation, François-Philippe Champagne, and his colleague for Heritage, Pablo Rodriguez. It provides for artists to receive 5% of the price of a resale.

Artist Paddy Lamb says it is very difficult for a creator or creator of a living from her art. He mentions that the value of a work can jump if an author becomes known among collectors.

The works of Inuit artists gain in value as soon as they are leave Nunavut, but they don't benefit at all, he cites as an example. The reform is a way for artists to earn a good living.

More than 90 countries already have laws providing artists with a share in the event of the resale of a their works. In France and the UK, the resale right has been in force for over 100 years.

LEAVE A REPLY

Please enter your comment!
Please enter your name here