Artist’s Challenge Federal Ruling on Auction Royalties

March 30th, 2013

A group of artists, led by Chuck Close, have filed an appeal to overturn a federal ruling that the California Resale Royalty Act is unconstitutional.  The act, which required all resales of a California artist’s work to pay a 5% royalty back the artist, was struck down last year in a case that saw artists pitted against auction houses Sotheby’s and Christie’s.  “We believe that the district court’s decision dismissing the complaint was correct, and we believe that it will be affirmed on appeal.”  Said a Sotheby’s representative.

Read more at ArtInfo