Historic legal proceedings against art dealer
Artists' representatives seeking transparency over unpaid resale royalties have commenced historic legal proceedings against multi-millionaire art dealer Ivor Braka.
The Artists’ Collecting Society (ACS) and the Design and Artists' Copyright Society (DACS) say they began making requests to Braka for information in 2006, with Braka reportedly refusing to respond.
The case is the first of their kind brought under the Artist’s Resale Right Regulations in the UK.
The regulations entitle artists to a royalty payment of up to €12,500 on the secondary sale of their works by dealers and associated art market professionals.
“The Artist’s Resale Right, now more than ever, provides invaluable financial support to artists and their estates, so it is imperative that we shine a light on those who are cutting off this essential source of income,” ACS Managing Director Harriet Bridgeman said.
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