The Artist’s Resale Right (“ARR”) gives the creators of original works of art the right to a royalty when their work is resold through an auction house. ARR is a fee added to your total auction invoice based on a percentage of the hammer price.
Depending on the hammer price of the work, the ranges from 0.25–4% of the resale price and only applies to the sale of artworks in the European Economic Area.
Comments
0 comments
Please sign in to leave a comment.