In this chapter, after a review on the empirical literature on Artists’ Resale Right (ARR), the authors analyze some empirical problems and theoretical issues. They analyze the taxable sales which took place in Italy from 2006. The dataset used has the peculiar advantage of relying upon data referred not only to auction sales, but also to all those transactions which require an ARR statement. This empirical analysis allows to distinguish the distribution of ARR among “non-traced” artists (who did not draw any right) from “traced” artists (who collect directly or through their heirs after their death the amount due) and, therefore, it allows to verify which kind of artists ARR has actually privileged. Moreover, the empirical analysis allows to evaluate the trend of sales by artistic genre, by market agent category, and by sale price class on which ARR is applied. Finally, the analysis allows: 1) to test theoretical hypotheses on ARR; 2) to estimate agents’ perceptions to verify the comparability between theory and what actually happens; 3) to draw conclusions on the main issues concerning ARR (its effects on the visual art market, ARR implementation costs, artists’ benefits and, the role of collecting societies).

Empirical Researches on Artists' Resale Right: The Italian Case

CASTELLANI, MASSIMILIANO;VICI, LAURA
2010

Abstract

In this chapter, after a review on the empirical literature on Artists’ Resale Right (ARR), the authors analyze some empirical problems and theoretical issues. They analyze the taxable sales which took place in Italy from 2006. The dataset used has the peculiar advantage of relying upon data referred not only to auction sales, but also to all those transactions which require an ARR statement. This empirical analysis allows to distinguish the distribution of ARR among “non-traced” artists (who did not draw any right) from “traced” artists (who collect directly or through their heirs after their death the amount due) and, therefore, it allows to verify which kind of artists ARR has actually privileged. Moreover, the empirical analysis allows to evaluate the trend of sales by artistic genre, by market agent category, and by sale price class on which ARR is applied. Finally, the analysis allows: 1) to test theoretical hypotheses on ARR; 2) to estimate agents’ perceptions to verify the comparability between theory and what actually happens; 3) to draw conclusions on the main issues concerning ARR (its effects on the visual art market, ARR implementation costs, artists’ benefits and, the role of collecting societies).
Artist's Resale Right. Old Issues and New Problems
134
164
M. Castellani; L. Vici
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11585/101425
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