Comments on: Regulating the Art Market – artmarketblog.com http://artmarketblog.com/2008/04/30/regulating-the-art-market-artmarketblogcom/ Art investment and art market blog hosted by art guru Nicholas Forrest Thu, 09 Sep 2010 07:36:51 +0000 hourly 1 http://wordpress.com/ By: artforprofits http://artmarketblog.com/2008/04/30/regulating-the-art-market-artmarketblogcom/#comment-3748 artforprofits Sat, 03 May 2008 09:29:47 +0000 http://artforprofits.wordpress.com/?p=487#comment-3748 Hi Bootgun, Resale Royalty is not in place in the USA unless you reside in California Regards, Nicholas Forrest Hi Bootgun,

Resale Royalty is not in place in the USA unless you reside in California

Regards,
Nicholas Forrest

]]> By: Kate http://artmarketblog.com/2008/04/30/regulating-the-art-market-artmarketblogcom/#comment-3743 Kate Sat, 03 May 2008 01:54:07 +0000 http://artforprofits.wordpress.com/?p=487#comment-3743 A resale royalty seems ethical and only fair to the artist. Often artists undervalue their work, particularly if they are young and/or the work is time consuming. (Simply because my work takes so long to make, there are times when I do not make minimum wage on a piece.) If an artist devotes their whole life to increasing the value of their work, collectors benefit significantly from that if they decide t sell, it seems only right that the artist should see at least a fraction of that money. As more speculators enter the market and flip work, the need becomes more urgent to empower artists. A resale royalty seems ethical and only fair to the artist. Often artists undervalue their work, particularly if they are young and/or the work is time consuming. (Simply because my work takes so long to make, there are times when I do not make minimum wage on a piece.)
If an artist devotes their whole life to increasing the value of their work, collectors benefit significantly from that if they decide t sell, it seems only right that the artist should see at least a fraction of that money.
As more speculators enter the market and flip work, the need becomes more urgent to empower artists.

]]> By: bootgun http://artmarketblog.com/2008/04/30/regulating-the-art-market-artmarketblogcom/#comment-3739 bootgun Fri, 02 May 2008 13:25:43 +0000 http://artforprofits.wordpress.com/?p=487#comment-3739 I'm not sure if it's in effect but I reside in GA, USA. I’m not sure if it’s in effect but I reside in GA, USA.

]]> By: artforprofits http://artmarketblog.com/2008/04/30/regulating-the-art-market-artmarketblogcom/#comment-3737 artforprofits Thu, 01 May 2008 10:03:50 +0000 http://artforprofits.wordpress.com/?p=487#comment-3737 Hi Bootgun, If you live in a country where resale is in effect a resale charge is required. The right is inalienable Hi Bootgun,

If you live in a country where resale is in effect a resale charge is required. The right is inalienable

]]> By: bootgun http://artmarketblog.com/2008/04/30/regulating-the-art-market-artmarketblogcom/#comment-3733 bootgun Wed, 30 Apr 2008 12:04:47 +0000 http://artforprofits.wordpress.com/?p=487#comment-3733 If anyone wants to buy my art, I do NOT impose a re-sale royalty clause on you! =-) If anyone wants to buy my art, I do NOT impose a re-sale royalty clause on you! =-)

]]> By: Adam Green http://artmarketblog.com/2008/04/30/regulating-the-art-market-artmarketblogcom/#comment-3732 Adam Green Wed, 30 Apr 2008 11:14:43 +0000 http://artforprofits.wordpress.com/?p=487#comment-3732 Hey Nicholas, I imagine the art market is not regulated because for the most part the general public isn't active in the high-end art market, while they are in the stock market. In my opinion there does not seem to be a great sense of urgency to protect "the rich" from any unfair activity in the art market. I do believe we could see increased regulation in the art market if either a dramatically unethical practice is revealed to the public, such as another Sotheby's/Christie's corruption case, or if art as an investment becomes a significantly more common practice. Hey Nicholas,

I imagine the art market is not regulated because for the most part the general public isn’t active in the high-end art market, while they are in the stock market. In my opinion there does not seem to be a great sense of urgency to protect “the rich” from any unfair activity in the art market. I do believe we could see increased regulation in the art market if either a dramatically unethical practice is revealed to the public, such as another Sotheby’s/Christie’s corruption case, or if art as an investment becomes a significantly more common practice.

]]> By: dictionary » Blog Archive » Regulating the Art Market - artmarketblog.com http://artmarketblog.com/2008/04/30/regulating-the-art-market-artmarketblogcom/#comment-3731 dictionary » Blog Archive » Regulating the Art Market - artmarketblog.com Wed, 30 Apr 2008 10:19:09 +0000 http://artforprofits.wordpress.com/?p=487#comment-3731 [...] admin wrote an interesting post today onHere’s a quick excerpt… which basically means that it is not controlled or governed according to rule or principle or law. Another term for an unregulated market is a free market the definition of which is, according to the Farlex financial dictionary, [. … [...] [...] admin wrote an interesting post today onHere’s a quick excerpt… which basically means that it is not controlled or governed according to rule or principle or law. Another term for an unregulated market is a free market the definition of which is, according to the Farlex financial dictionary, [. … [...]

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