Focus on resale royalties at art auctions
Auction house to pay SA artists resale royalties
Aspire is the first auction house in history to pay living SA artists royalties on the resale of their works
24 February 2017 - 12:26
When Aspire Art Auctions broke into the tight SA market late last year it was with a commitment to do things differently. And the latest move will certainly shake up a complacent industry. Aspire is the first auction house in history to pay living SA artists royalties on the resale of their works. The issue of artist resale rights has long been in discussion. There was even talk that parliament was considering legislation. But there has been no movement on it. Ruarc Peffers, senior art specialist at Aspire, says ethics played a big role in the auction house’s decision to invest “back into the industry”.
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