The Impact of the Droit de Suite in the UK: An Empirical Analysis

Chanont Banternghansa and Kathryn Graddy ()

No 7136, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: The Droit de Suite, known in the UK as Artists’ Resale Rights, provides an artist with the inalienable right to receive a royalty based on the resale price of an original work of art. This paper provides an empirical analysis of actual changes in the UK auction market for art that is subject to the Droit de Suite (DDS), relative to changes for art not subject to the DDS, and also relative to changes in the auction markets for art in countries where there has been no change in law. We do a difference-in-difference analysis, differencing price growth and sales growth across market segments and across countries over the period 1996 to 2007. Our results suggest that the introduction of the DDS has not had a negative impact on the UK art auction market.

Keywords: art; artists resale rights; auction; droit de suite (search for similar items in EconPapers)
JEL-codes: D44 H20 Z11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cul
Date: 2009-01

Downloads: (external link)
http://www.cepr.org/pubs/dps/DP7136.asp (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:cpr:ceprdp:7136

Ordering information: This working paper can be ordered from
http://www.cepr.org/pubs/dps/DP7136.asp

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers
Address: Centre for Economic Policy Research, 53--56 Great Sutton Street, London EC1V 0DG
Series data maintained by ().