The impact of the resale right on the British art market

Gunther Capelle-Blancard, Joëlle Farchy () and Nathalie Moureau ()
Additional contact information
Joëlle Farchy: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique
Nathalie Moureau: UM - Université de Montpellier

Working Papers from HAL

Abstract: The Artists' Resale Right (ARR) is a specific form of copyright applied to the resale of graphic and plastic artworks in certain countries. In the academic literature, criticism of the ARR highlights different issues, among them, market distortion of competition. This paper aims to assess the impact of ARR on sales relocation. Since the UK's recent implementation of the ARR, this country is a well appropriated example. Whereas in 2006 the right applied only to living artists, in 2012, it was extended to include artists who had died within the past 70 years. Our empirical analysis is based on public auctions of the most valuable works sold worldwide between 2002 and 2014. The British ARR stipulates several reliable control groups and allows for difference-in-difference to be used. Contrary to common belief, we are discovering that the ARR does not penalize the UK art market; the results are robust regardless of the method used.

Keywords: resale right; droit de suite; art market (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: The impact of the resale right on the British art market (2016)
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: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-01441840

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().