What is an artist’s resale royalty?

An artist’s resale royalty, also known as droit de suite, is a type of financial compensation given to an artist in certain circumstances. In Hawaiʻi, the prerequisites for receiving this type of royalty are established by the Hawaii Artist-Museum Partnership Act (Act 200). This law states that artists are entitled to receive 5% of the resale price whenever one of their works is sold in a gallery or at a fair. This royalty is important because it helps ensure that artists have a reliable source of income throughout their career. It aids them in achieving financial stability, which is essential for their creative development. Additionally, it rewards their labor by providing them with funds even after a work is sold. This royalty can be beneficial for both artists and galleries. It encourages the artist to create new works, which the gallery can then offer for sale. This in turn, helps the gallery make a profit, which in turn, allows the artist to earn a royalty on the resale of their work. In order to receive a resale royalty, the artist must register with the Hawaii State Foundation on Culture and the Arts and apply for a certificate of qualification. The certificate must be provided to the gallery or fair that is selling the artist’s work. The artist must also prove that the work is their own intellectual property. Overall, the resale royalty is an important form of compensation for artists that helps them support their work. It provides them with financial stability and allows them to reward their labor. It also helps galleries make a profit and encourages artists to create new work.

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