Basic Fairness Or Restraint Of Trade?

The UK is about to become party to “a new law by which a living artists or their heirs for 70 years after their death will receive a cut of about 3 per cent whenever a piece is sold. Some commentators argue that this gives poor artists a slice of future success. Others believe it threatens to cripple the market. The law is causing conflict throughout Europe, especially in Britain, where the Patent Office is currently deciding how to implement it. The levy, called ‘droit de suite’ or ‘artist’s resale right’, was initiated in 1920s France to help impoverished artists and their heirs. In 2006 it is due to be introduced across the European Union in order to stop vendors from avoiding the levy by moving sales away from France, Germany and four other European countries in which the law now applies.”