Above: Richard Ellis speaks at the Art Business Conference on September 6. Artist’s Resale Right, the royalty payable by a buyer to an artist or an artist’s estate for a painting resold for €1000 or more, is likely to be adopted by the UK along with other EU laws after Brexit, writes Noelle McElhatton.
Lawyer Pierre Valentin at Constantine Cannon told the Art Business Conference that ARR “won’t be abolished” after the UK leaves the EU in March 2019. “ARR will be the 100,001 item on the parliamentary priority list and we’ll all be dead by the time [policy makers] get to it,” Valentin told delegates.
He said he believed the UK would retain ARR as “the trend around the world is towards adopting [a form of] ARR. Australia and New Zealand have adopted it and the US is talking about it.”