The following is a press release from the office of Rep. Jerrold Nadler:
WASHINGTON, D.C. – Today, Congressman Jerrold Nadler (D-NY), the Ranking Member of the House Judiciary Subcommittee on the Constitution, introduced legislation designed to let visual artists share in revenues generated by the resale of their works. The Equity for Visual Artists Act of 2011, which was also introduced in the Senate today by Senator Herb Kohl (D-WI), would set aside a royalty rate of 7% for resales in excess of $10,000 at large auction houses, half of which would go to the visual artists, and half to nonprofit art museums.
“Visual artists deserve a share in the sales and resales of their creative works,” said Nadler. “It’s important to ensure that artists are fairly compensated – even more so in difficult economic times, when normal channels of support for artists are less dependable. This legislation would help working artists and provide incentives for the creation of art by providing resale royalty rights and establishing a fund for nonprofit art museums to buy art from those artists.”
The Equity for Visual Artists Act (EVAA) of 2011 would:
- Set the royalty rate at 7%, with half of the funds for visual artists, and half to make grants to nonprofit art museums to purchase art from living artists.
- Apply only to resales in excess of $10,000 at public auction houses with more than $25 million in sales in the prior year. Resales at auction houses operating only online would be excluded.
In contrast to composers, lyricists, playwrights and screenwriters, the primary means by which visual artists support themselves is through the first sale of a physical work of art. The visual artist receives no further compensation no matter how much others earn from subsequent sales of their works. As a result, many visual artists receive little compensation for works which may not be commercially valuable until late in life or years after their death. EVAA would end this unfairness and be in keeping with our general protection and promotion of intellectual property.
Many other countries have resale rights for visual artists, some for many years. The Berne Convention for the Protection of Literary and Artistic Works, an international agreement on copyright, provides for a resale royalty right.
U.S. Rep. Jerrold Nadler represents New York’s 8th Congressional District, which includes Manhattan’s Upper West Side, Hell’s Kitchen, Chelsea, SoHo, Greenwich Village, TriBeCa, the Financial District and Battery Park City. In Brooklyn, the 8th District includes parts of Borough Park, Red Hook, Sunset Park, Bay Ridge, Bensonhurst, Coney Island, Brighton Beach, Gravesend, Dyker Heights, Bath Beach and Seagate.