New auc­tion house as­pires to sales roy­al­ties for artists

The Star Early Edition - - SPORT -

NEW South African art auc­tion house, As­pire Art Auctions – which has a ma­jor sale in Jo­han­nes­burg on July 17 – has in­tro­duced a pol­icy to en­sure liv­ing artists re­ceive roy­al­ties when their works are auc­tioned.

Vis­ual artists over­seas ben­e­fit from a leg­is­lated Artist Re­sale Rights (ARR) in 80 coun­tries but there is no sim­i­lar leg­isla­tive frame­work in South Africa, although roy­alty struc­tures in some art forms ex­ist – no­tably in mu­sic and lit­er­a­ture.

As­pire Art Auctions launched in 2016, with suc­cess­ful in­au­gu­ral auctions in Jo­han­nes­burg and Cape Town. Di­rec­tor Ruarc Pef­fers says the com­pany is com­mit­ted to the eco­nomic sus­tain­abil­ity of the art mar­ket. “We want to im­prove the eco­nomic con­di­tions of artists and help keep them mak­ing art. We also wish to con­trib­ute to re­dress the racial in­equal­ity that ex­ists in SA art.”

As­pire in­tro­duced its own Artist’s Re­sale Rights pol­icy from its in­au­gu­ral auc­tion in Jo­han­nes­burg. Six­teen liv­ing artists ben­e­fited from this auc­tion, and 40 from its re­cent se­cond auc­tion. The com­pany’s third sale will be in Hyde Park, Jo­han­nes­burg on July 17 – with more artists wait­ing to ben­e­fit. – Auctions Writer

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.