Australia Moves Forward With (Weakened) System To Have Artists Paid Multiple Times For Same Artwork
from the down-under-confusion dept
Of course, that's not true. In reality, if those earlier works are so valuable, so are many newer works as well -- which the artist can create and sell for much more than ever before. Meanwhile, the problem with an artist resale right is it actually decreases the incentive for anyone to buy the original artwork, knowing that they'll have to sell it for that much more before they can actually make a profit -- since they'll have to kick back fees to the artists. It adds an unnecessary tax that acts as friction in the art market. The Australian plan tries to limit at least some of this issue by only having the resale tax kick in after the second resale. But, of course, this just moves the unnecessary friction up a level, and doesn't change the thought process that goes into the buying decision. With any other product, once you sell it, you've sold it. It makes no sense to allow the original creator to retain a cut of any later sale. Imagine if that were the case with cars or houses as well? Who would ever think that was reasonable?