[sixftjellybaby]

Really don’t know anything about Artist resale rights

How does it work and what pieces have it attached and how do I know if it has arr or not

Sorry for my ignorance

[sixftjellybaby]

so who pays it ,the seller or the buyer
and at what percentage etc
im thinking of selling my banksy cyw so around100k to150k

[startimeash]

Jun 9, 2021 14:59:57 GMT 1 sixftjellybaby said:

so who pays it ,the seller or the buyer
and at what percentage etc
im thinking of selling my banksy Choose Your Weapon so around100k to150k

Calculator here: www.dacs.org.uk/for-art-market-professionals/arr-royalty-calculator

Basically, 4% under 50k, 3% between 50k and 200k, then tapering down after that to 1%, 0.5%, 0.25% at various thresholds. It's paid by the buyer, and is cumulative, so for a 100k sale, you'd pay 4% on 49k (50k - 1k) + 3% on the next 50k (100k - 50k).

No such practice in the USA, so you'd pay nothing on a purchase there (believe that this is being looked at, though, but don't expect a change this century...)

[sixftjellybaby]

Jun 9, 2021 15:09:02 GMT 1 startimeash said:

Jun 9, 2021 14:59:57 GMT 1 sixftjellybaby said:

so who pays it ,the seller or the buyer
and at what percentage etc
im thinking of selling my banksy Choose Your Weapon so around100k to150k

Calculator here: www.dacs.org.uk/for-art-market-professionals/arr-royalty-calculator

Basically, 4% under 50k, 3% between 50k and 200k, then tapering down after that to 1%, 0.5%, 0.25% at various thresholds. It's paid by the buyer, and is cumulative, so for a 100k sale, you'd pay 4% on 49k (50k - 1k) + 3% on the next 50k (100k - 50k).

No such practice in the USA, so you'd pay nothing on a purchase there (believe that this is being looked at, though, but don't expect a change this century...)

Thanks so much, very very helpful

[iamzero]

I saw that Castle Gallery has a Banksy print up for sale with ARR which I thought was odd?

[Zippy]

www.gov.uk/guidance/artists-resale-right

[Zippy]

Jun 9, 2021 17:05:43 GMT 1 iamzero said:

I saw that Castle Gallery has a Banksy print up for sale with ARR which I thought was odd?

A dealer has to pay it.

[iamzero]

Thanks for the info dude. I thought that it only applies to auction houses… every day is a school day.

[Raph]

For those interested, conditions are a bit different in France but are similar :
www.adagp.fr/fr/utilisateur/droit-de-suite

(sales higher than 750€, unless it has been acquired within three years directly from the artist - in that case it only applies from 10k€)

For those interested in an european perspective : eur-lex.europa.eu/legal-content/FR/TXT/?uri=LEGISSUM%3Al26049


For the Us to my knowledge (i'm EU IP lawyer), it will depend on law of each state and it is not very widespread. I think California applies it, I don't know other state applying it. There was a project of federal law in 2015 but don't know the result of discussion..

[LJCal]

You only have to charge ARR if you are a gallery, auction house or professional dealer. Collectors selling on work do not need to charge buyers ARR when they resell.