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Originally Posted by Michael_L Here Here! |
Totally agree...
I think in France now they have implemented a law that allows original artists to profit from future sales of their works. So if a painter sells a painting for £100 today and you sell it for £1000 a year later, the artist is entitled to something like 20% of the £900 (cant remember the real numbers).
As a result, just about all of the big galleries have to sell their stuff via London. Its great for Christies and Southerbys!
The effect of this law is that you cant actually sell art in France. You can only sell 80% of the art. In effect, the artists retains that 20% share (again, I dont know the exact numebrs, just the principal).
Interestingly, if you sell the art work at a loss after a few years, the originating artists does not cover your loss!! surprise.