Category: Resale Rights For Visual Artists Act
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Inheritance of Resale Rights Under New Zealand’s Resale Rights for Visual Artists Act
An artist’s resale right under New Zealand’s Resale Rights for Visual Artists Act is a form of personal property. It is inalienable during the artist’s lifetime, meaning it cannot be waived, assigned (eg sold, given, or otherwise transferred to someone else) or charged (used to secure a debt) while the artist is still alive. However,…
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Contracting out of/over/and alongside the Resale Rights for Visual Artists Act
This article is part of an ongoing series on the Resale Rights for Visual Artists Act 2023. One notable feature of the Act is that it is drafted to make it easy for art market participants involved in transactions not captured by the Act to voluntarily opt into the royalty scheme it creates if they…
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When Does a Sale Qualify for Royalties Under New Zealand’s Resale Right for Visual Artists Act?
In a previous article, we explored the Resale Right for Visual Artists Act and the changes this is set to bring to New Zealand’s art market. While the Act is a milestone in recognizing artists’ ongoing stake in their work, it does not apply to all art, nor to all resales of art. This article…
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Resale Rights for Visual Artists Act 2023 in New Zealand: An Introduction for Artists, Collectors, and Institutions
The Resale Rights for Visual Artists Act 2023 in New Zealand mandates royalty payments to artists or their estate on secondary art sales from December 2024. This alters the traditional art market model, potentially providing artists with ongoing income from resales. The act also impacts art market professionals, collectors, compliance costs, and promotes Māori and…
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