The Resale Royalty Right for visual artists 2010 to 2024
August 28, 2024
At the close of the scheme’s 14th year, we celebrate the milestone of $15 million in royalties generated by the scheme.
The Resale Royalty Right recognises artists ongoing rights in their work and provides them with a share of its ongoing value. Here’s how the scheme is performing:
$15 million
Over $15 million in resale royalties generated by the scheme
3,000
Nearly 3,000 artists and estates have had one or more resale royalties
Artists use
Artists use resale royalties to pay for studio costs, materials and other expenses. It helps them to keep making art.
$1.6 million
Over $1.6 million in resale royalties was generated by the scheme in 23/24.
180 artists
The number of artists benefitting from resale royalty continues to grow, with over 180 artists having their first resale royalty in 23/24.
Estates use
Artists’ estates use resale royalties to pay for publications and activities that support our ongoing engagement with the artist’s work. It is often the only income they receive.
65%
65% of the artists who have had a resale royalty are Aboriginal and Torres Strait Islanders. They have received 41% of the royalties.
Artists say
Artists say receiving reports of their resales keeps them involved in the journey their art is taking and is useful for provenance.
90%
90% of royalties are between $50 and $1,000.
Top 100
Of the 100 artists who have received the most resale royalty, 52 are Aboriginal and Torres Strait Islander.
Remote & regional
The scheme has a strong impact in remote and regional locations with 40% of the artists residing in NT and central Australia.
International
In 2024 the Resale Royalty Scheme was extended to 17 reciprocating countries, including the UK and many European territories. This means Australian artists will receive royalty payments for their eligible artworks resold in these countries. More information on reciprocity is available here
For more information about the scheme go to: www.resaleroyalty.org.au