'Charlotte's Jug', Mary Fedden, 2008 © Mary Fedden.

How much is an Artist’s Resale Right royalty?
January 27, 2024
The Artist’s Resale Right is calculated on the hammer or sale price (excluding VAT), per the UK Regulations on Artist’s Resale Right (ARR), using the prescribed sliding scale (found below).

Before 1 April 2024

 

Resale price (€)                                   Royalty percentage amount due

From 1,000 to 50,000                        4.00% 

From 50,000.01 to 200,000              3.00%

From 200,000.01 to 350,000            1.00%

From 350,000.01 to 500,000            0.50%

Over 500,000                                      0.25%

 

The threshold in the UK is €1,000.

 

The maximum amount of royalty payable on a sale is €12,500.

 

Royalties must be calculated using the exchange rates provided by the  European Central Bank. As the threshold equivalent in GBP can vary widely depending on the exchange rate on the date of sale, we currently recommend that Art Market Professionals check hammer prices over £750 to see if they meet the ARR threshold.

 

From 1 April 2024 onwards

 

Resale price (£)                                   Royalty percentage amount due

 

From 1,000 to 50,000                        4.00% 

From 50,000.01 to 200,000              3.00%

From 200,000.01 to 350,000            1.00%

From 350,000.01 to 500,000            0.50%

Over 500,000                                      0.25%

 

The threshold in the UK is £1,000.

 

The maximum amount of royalty payable on a sale is £12,500.

 

On 16 October 2023, the UK Government announced that all references to Euros found in the Artist’s Resale Right regulations would be replaced with references to GBP from 1 April 2024.

 

This means that ARR generated from UK sales completed from 1 April 2024 onwards will be calculated in GBP and not EUR.

 

The ACS ARR calculator can help you determine the royalties to be paid on secondary sales in the UK.

 

If you have any questions relating to the calculation of the Artist’s Resale Right please do not hesitate to contact a member of the ACS Team.