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FEEDBACK from dealers shows that the Artist’s Resale Right (ARR) has caused serious problems since its introduction in the UK two years ago.
In a independent study published this week, the industry warns that the British art market risks losing business, and that emerging artists, who are already losing out under the measure, will suffer further unless significant changes are made.
The Artist's Resale Rights, applies to living artists and states
that the original artist is to be paid a percentage of the
re-sale value, when one of that artist's work's are sold on
again.
Top of the list for review is the proposal to extend the right to the estates of artists who have been dead for less than 70 years. The study shows that if this happens in 2012, as is planned, payments under the scheme will increase fivefold, along with bureaucracy.
Many dealers have said that, under these circumstances, they will move any transactions for qualifying artists to countries – predominantly the USA and Switzerland – where the ARR does not apply. Such a move would seriously damage British art market interests.
We watch with interest the developments in this arena, most of
our customers are not affected as yet, however with the
introduction of rights for 70 year old estates, this could
become a factor when selling works conceived in the mid 20th
century.
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Our first sojourn to the BADA fair has
proved to be a great success. With gales on Monday and Tuesday
to contend with and the possibilities of the marquee, elegantly
constructed in Duke of Square, getting airborne, these storms
did nothing to "blow away" visitors enthusiasm. Generally
regarded as one of the best looking fairs in the UK and even on
a par with Grosvenor House, Millington Adams, hope to be
returning again next March. |
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Straight after the BADA Fair in London,
two weeks later is Antiques for Everyone, held in Hall 17, 18 &
19 of the National Exhibition Centre in Birmingham from the 27th
to 30th March 2008. A different event to BADA, with a mix
of quality dealers in section 1 and a huge selection of
everything in Section 2. Millington Adams will be exhibiting a
great selection of period furniture, clocks and art on stand C1
just inside the main entrance. We hope you can make it along.
If you do not have a ticket, we can leave one on the door for
you. Just call 07957 382381 on the day of your visit and we will
make sure there is a ticket waiting. |
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Along the left hand side of this newsletter are shown our most
recent acquisitions, these have been added to our web site
www.millingtonadams.com since our last newsletter in February.
Click on any picture or the text below it to go to our site and view
the piece in more detail, with full descriptions, pricing and
zoom-able pictures. |
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We have added a site search facility on
millingtonadams.com, which may speed your way through the site when
looking for a specific item. Just click the "search" button in the
main top menu and all else should become self explanatory. If
you prefer browsing then, the drop down menus will take you to a
gallery index for each type of piece we stock, here you can browse
at leisure and connect directly to the description and photos for
that item.
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Finally if you would like to share and funny or anecdotal
stories with other readers of the MA Newsletter, then we
would love to here from you, please e-mail your thoughts
to
newsletter@millingtonadams.com all notable and worthy
submissions will be aired in a future edition of "The Bottom
Line". |
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