Wednesday, November 2, 2011

A Five Percent Commission After a Work Has Been Sold?


Is the California Resale Act solid enough to stand up to legal scrutiny? If so, then the estates of major artists (and maybe not so major) are going to be tied up in the courts for years, suing to get commissions.

Five percent? Really? I guess capitalism is dead. I think this might just drive prices down, or maybe just turn the selling and reselling of art into a backroom sort of deal.

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