The Artists' Collecting Society
Celebrate their first year of successfully tracking over £12 million worth of sales for member artists with a party
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This summer |
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The party was attended by member artists such as Lucian Freud, who has received £22,000 in royalties from ACS over a six month period, and art market professionals including Penelope Govett, Chairman of the Tate Patrons and Christie’s Legal Director Richard Aydon. The atmosphere was electric as mingling artists and dealers alike enjoyed canapés and champagne. Many artists expressed their delight at this new legislation which has given them an unexpected source of income, and congratulated ACS on its accurate and efficient service.
About Artist’s Resale Right (ARR)
Artist’s Resale Right is a new intellectual property right that entitles authors of original works of art to a percentage of the sale price whenever one of their works is resold on the commercial market.
ACS manages the collection and distribution of these resale royalties for over 200 artists including Frank Auerbach, Howard Hodgkin and Julian Opie. Its membership is growing rapidly as more artists realise the benefits of joining ACS which includes its close partnership with The Bridgeman Art Library.
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Robyn Denny and Katherine |
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Gwavas |
Leading contemporary artist PJ Crook, a member of ACS said:
“It’s right that there should not be a monopoly in collecting royalties. I’m pleased about the reduction of the fees to 15 per cent and like the idea that if, at the end of the year, ACS makes a profit it will be shared between the artists.”
About Artists’ Collecting Society (ACS)
ACS was founded by Harriet Bridgeman as a ‘Community Interest Company’ that is separate but affiliated to The Bridgeman Art Library, her world renowned fine arts archive and reprographic service. Since 1972 the Bridgeman Art Library has been supporting artists through the promotion of their works all over the world and distributing reproduction and copyright royalties back to these artists in a timely fashion. With offices in London, Paris, Berlin and New York, it is well versed with the global art market and is perfectly equipped to manage the complexities of international arts policies.
When asked to comment Harriet Bridgeman said;
“Artist’s Resale Right is an important piece of legislation that has finally given artists a right that has been enjoyed by writers and composers for years. Before ACS was formed, DACS was the only society that could represent artists, and their commission rate on each resale could have been as high as 25 percent.”
“ARR is designed to benefit living artists and as much money as possible should go directly to them. We established ACS in June 2006 to ensure that collecting societies only retain as much money as is necessary to cover basic administrative costs. Only artists should profit from this legislation.”
“Artists now have a choice between DACS who have since declared that they will match the commission rate of any other organisation ‘until the true costs are known’ and ACS. It is now up to artists to decide which collecting society-ACS or DACS-best represents their interests and opinions.”
For further information on ACS or ARR please consult www.artistscollectingsociety.org.uk or email Jessica.tier@artistscollectingsociety.org.uk
© Copyright 2007 Bridgeman Art Library.
All rights reserved.
All rights reserved.