The economic consequences of droit de suite in the European Union

Victor Ginsburgh

ULB Institutional Repository from ULB -- Universite Libre de Bruxelles

Abstract: In the EU the author of an original artwork enjoys 'Droit de suite', a right to an economic interest in successive commercial sales of that work. This is intended to ensure that artists benefit from successive 'exploitations' of their work. The ensuing royalty is a percentage of the sale price. It is argued that it worsens the position of contemporary artists, but diminishes trade in the tertiary art market, is detrimental to their position on the international art market for those states introducing it and is severely anti-redistributive. It diminishes purchasers' property rights, reducing the price of artworks. This most severely affects early career artists who value the ensuing marginal decreases in income most highly, but whose work has not yet reached the secondary market.

Date: 2005
Note: SCOPUS: ar.j
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Citations: View citations in EconPapers (5)

Published in: Economic Analysis and Policy (2005) v.35 n° 1-2,p.61-71

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Related works:
Working Paper: The economic consequences of droit de suite in the European Union (2007)
Journal Article: The Economic Consequences of Droit De Suite in the European Union (2005)
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