Tag: Art Market

• June 15, 2024

  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…