How much is the resale royalty payment?
The amount is the same for both eligible artists and successors, a 5% royalty will be collected for eligible artists each time there is a qualifying resale of their original visual artwork.
The collection and distribution of the payment is managed by RRA, a not-for-profit. RRA will retain 20% for the purpose of funding RRA operations and distribute the remainder of the royalty to the visual artist or successor.
Related Articles
Getting your resale royalties payment
The timeline for getting your resale royalty: The AMP reporting the resale has 60 business days to do so. Once the report has been reviewed by our research team, the royalty will be either approved or declined. Any approved resales will then be ...
What is the process for claiming an unpaid resale royalty?
RRA will periodically inspect and audit published auction sale results to monitor compliance with the Act and Regulations. However, because we rely on art market professionals and other stakeholders in the Scheme to notify us of resale payments that ...
Is a Resale Royalty applicable to artworks sold at a charity auction?
Yes, a qualifying resale of an original artwork sold as part of a charity auction is still subject to the artist’s resale royalty right. While the auction house or vendor may choose to waive their own fees or commission as a business decision, this ...
When is a resale royalty payable?
An "eligible artist" (or their successor) has a right to be paid a resale royalty each time there is a “qualifying resale” of an “original visual artwork” by that artist (provided the resale right had not “expired” at the time of resale) Use the ...
Who is liable to pay the resale royalty?
The following persons are jointly and severally liable to pay the 5% resale royalty to RRA (section 17, of the Act) : The seller, and either the agent acting for the seller on the resale (usually the AMP); or if the seller does not have an agent, the ...