RESALE ROYALTIES IN THE UNITED STATES FOR THE FINE VISUAL ARTISTS
By admin on Mar 10, 2010 | In Law | 1 feedback »
I. INTRODUCTION
On December 1, 1990, President Bush signed into law the Visual Artists Rights Act of 1990, which was generally effective on June 1, 1991, and extends to visual artists the federal moral rights of attribution and integrity.
The legislation also requires the Register of Copyrights, in consultation with the Chair of the National Endowment for the Arts, to study the feasibility of implementing a resale royalty on the sale of works of visual art. This royalty would allow a fine artist to share monetarily in the enhanced value of his work through the payment at resale of a percentage of the increase in the work, or a portion of the total sales price.