Source: Art Net
A California law that required art auctions to pay royalties to artists who sold their art no longer holds true in the state, or in the U.S. as the court ruled earlier this week in a court case of artists against Sotheby’s.
Under the CRRA California artists were entitled to 5 percent of royalties on their artwork if it was resold.
Over the years, however, the rule has rarely stuck and rarely upheld in court. It was also struck down in another 2012 case.
The rule will now only apply to artworks created between 1977 and 1978, when the Copyrights Act was established.
Read Full Story: Art Net