DACS and ACS reach settlement on ARR royalties.
On the anniversary of the Artist's Resale Right (ARR), Artists’ Collecting Society (ACS), the Design and Artists Copyright Society (DACS) and Ivor Braka Limited are delighted to announce that they have reached a settlement following a legal dispute over compliance with the UK ARR legislation.
ACS, DACS and Ivor Braka Limited look forward to working together to provide artists with the royalties to which they are entitled.
Artist's Resale Right (ARR) royalties provide essential income to artists, enabling them to create new work and to provide essential support to the entire art world eco-system. The royalty overwhelmingly benefits artists selling work at lower prices, with over 50% of eligible sales falling under £5,000.
Since its introduction on 14 February 2006, an estimated £140m in ARR royalties have been distributed to artists and artists’ estates in the UK providing a direct contribution to the livelihoods and practice of artists.
