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£100m in royalties paid to visual artists
Visual artists' rights manager DACS is celebrating a milestone: £100m distributed to artists.
Since resale rights were passed into law, the organisation has paid these royalties to 5,624 artists. The rights are payable on any secondary sales of works over €1,000.
However, more than half of all eligible sales are less than £5,000, meaning the right represents a vital source of income for lower-earning artists.
"In the current climate as artists face the myriad of challenges of the pandemic, many without the security of government support, that is more important than ever," DACS Chief Executive Gilane Tawadros said.
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