Living artists and the descendants of artists deceased within the last 70 years are entitled to receive a resale royalty each time their work is bought on the secondary market. The right applies only when the sale price reaches or exceeds £1,000 and is calculated on a sliding scale.
Please note ARR in the UK is applied in sterling since April 1 (2024).
Auctioneers will apply current exchange rates.
Royalties are also capped so that the total amount of the royalty paid for any single sale of a work cannot exceed £12,500. ARR is exempt of VAT.
