Issue 2020 | 17th December 2011 UK £2.00 – USA $6.50 – Europe €3.95


international page 26 | USA


New Year auctions and fairs in the United States


Resale Right: something can still be done


ALL may not be lost as the Artist’s Resale Right is extended on January 1. Under the terms of the European Union


Directive, the British government has the power to raise the threshold at which it applies from €1000 to €3000, which would make a huge difference to smaller art dealerships who do not have the resources to administer the Resale Right as it stands. ATG, among other campaigners, is calling for just such a measure to be taken. The Netherlands and Austria set their


thresholds at €3000, in accordance with the Directive, and even the minister who eventually gold-plated the terms of the Directive by lowering the threshold to €1000 had earlier said that it would be wrong to do so.


“The administrative costs become an


absurdly high proportion of the actual payments which will go to artists,” he told the Culture Committee in March 2005.


And he was right. It costs around £25, currently €27.5, per transaction for dealers and auction houses to administer the Resale Right. This is out of all proportion to the benefi t at the lower end. For a €1000 sale, for instance, the Resale Right would be €40, 15 per cent of which goes to the collecting society, leaving the artist with €34. Effectively, this means it costs the trade professional €27.5 to administer a payment of €34 to an artist.


If the threshold stays at €1000 after January 1, it will affect around four times as many sales as it does now. If, however, the government raised the threshold to €3000, it would instantly make a substantial difference to the industry, and follow the Directive’s aim more closely to harmonise markets across the EU. See this week’s Dealers’ Dossier, where


Anna Brady talks to dealers about how the Resale Right will affect them. Turn to pages 15-16 and Letters on page 47.


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THIS previously unrecorded and beautifully painted dish, dated 1537, by the maiolica artist Francesco Xanto Avelli (c.1486-1542) sold for £325,000 (£391,250 including buyer’s premium) at Lyon & Turnbull in Edinburgh on December 8. It was discovered during a regular house valuation and was thought to have been purchased by the vendor’s family in Italy between 1894 and 1916. Celia Curnow, ceramics consultant to Lyon & Turnbull said: “I have waited


30 years to see a plate of this quality outside a museum. We had interest from around the world, with many collectors fl ying in to Edinburgh for the


continued on page 4


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