New auction house aspires to sales royalties for artists
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