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Misc
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The artwork may be applicable for the deduction of Artist Resale Rights (ARR) which would be payable to DACS. The higher the sale price of the artwork the lower the overall royalty rate. The royalty is worked out according to a sliding scale from 4% to 0.25%. A link to the DACS calculator for an accurate quote can be found here.
Hang-Up Gallery is committed to championing artists' rights and ensures the ARR is collected for relevant sales and paid to DACS.
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The Artist's Resale Right means that artists could be entitled to a royalty each time their work is resold with the involvement of an auction house, gallery or dealer for €1,000 or more.
As of 1 January 2012, the Right in the UK was extended to cover sales of work by deceased artists still in copyright, which means that beneficiaries and heirs can now benefit. In the UK, copyright lasts for the lifetime of the artist plus 70 years after their death, to the end of that calendar year.
This is the most significant new right for visual artists and their heirs in recent times, giving them an ongoing stake in the value of the artist's work.
Hang-Up is committed to championing artists' rights and ensures the ARR is collected for relevant sales and paid to DACS.
The higher the sale price of the artwork the lower the overall royalty rate. The royalty is worked out according to a sliding scale from 4% to 0.25%. A link to the DACS calculator for an accurate quote can be found here.
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We offer a full insurance valuation service at the gallery for Banksy works.
We will require details of the print including an image, condition and where it was purchased. A Banksy appraisal expert will then evaluate this before issuing the valuation on gallery headed paper.
The letter will be signed and dated by the Gallery Director and can be used to assist for insurance purposes or simply for your own records.
https://hanguppictures.com/ban...
The cost of this service is £100.
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