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The economic consequences of droit de suite in the European Union

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  • Victor Ginsburgh

Abstract

In the EU the author of an original artwork enjoys 'Droit de suite', a right to an economic interest in successive commercial sales of that work. This is intended to insure that artists benefit from successive 'exploitations' of their artwork. The ensuring royalty is a percentage of the sale price. It is argued that it worsens the position of contemporary artists, but dimishes trade in the tertiary art market, is detrimental to their position on the international art market for those states introducing it and is severely anti-redistributive. It dimishes purchaser's property rights, reducing the price of artworks. This most severely affects early career artists who value the ensuing marginal decreases in income most highly, but whose work has not yet reached the secondary market.

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Paper provided by ULB -- Universite Libre de Bruxelles in its series ULB Institutional Repository with number 2013/5271.

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Publication status: Forthcoming
Handle: RePEc:ulb:ulbeco:2013/5271

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  1. Victor Ginsburgh & ISRAEL Zang, 2005. "Droit de suite: an economic viewpoint," ULB Institutional Repository 2013/152106, ULB -- Universite Libre de Bruxelles.
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Cited by:
  1. Banternghansa, Chanont & Graddy, Kathryn, 2009. "The Impact of the Droit de Suite in the UK: An Empirical Analysis," CEPR Discussion Papers, C.E.P.R. Discussion Papers 7136, C.E.P.R. Discussion Papers.
  2. Ruth Towse, 2008. "Why has cultural economics ignored copyright?," Journal of Cultural Economics, Springer, Springer, vol. 32(4), pages 243-259, December.

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