Dating resale rights
, and is due on all sales, subsequent to the first one, which involve a professional in the art market – either as seller, buyer or intermediary.
However, this right is excluded in the event of any direct sale between private individuals.
The decree of the Ministry of Cultural Heritage and Activities of , published in the Official Gazette no.
155 of 4 July 2019, provided the necessary triennial revision of the SIAE commission for managing the resale right, applicable from 9 April, 2018 to 8 April, 2021, as follows: A comparison of the percentages set over recent years reveals that the values of the commissions have declined continuously: the rate was 19% from April 2015 to April 2016, then dropped to 18% in 2016, and most recently to 17% beginning in April 2018.
A few hours later, the event opened with an introduction from Mr Oron, who highlighted the need for a new international framework on the resale right.
Next spoke Mr Yu, who gave an overview of the situation in China today.
The floor was then turned over to two renowned visual artists.
27 of 1972) and for the purpose of giving further effect to Council Directive No.The decree will next be updated effective 9 April 2021.In Geneva today, copyright law specialists from around the world gathered at the World Intellectual Property Organisation (WIPO) for a presentation of a new academic study on the Visual Artists' Resale Right. Hosted by CISAC, Groupement Européen des Sociétés d'Auteurs et Compositeurs (GESAC) and European Visual Artists (EVA), the event included a presentation of the study’s key findings by its author, Professor Sam Ricketson, introductory remarks from National Copyright Administration of China Copyright Management Department Director General Mr YU Cike and a panel with two internationally renowned visual artists, Hervé Di Rosa and José de Guimarães.The resale right lasts the entire life of the authors and up to 70 years after their death, and cannot be waived.However, it does not apply in all cases of sale of works of art, as there are some exceptions.
The Visual Artists' Resale Right ensures that creators receive a small percentage of the resale price when their works of art are resold by an auction house or an art gallery.