Resale royalty disaster

The Australian, 9/8/2013, Opinion

David Hulme in the Australian on the Resale Royalty Scheme“NICOLAS Rothwell’s excellent article on the disastrous results of the government-imposed resale royalty scheme clearly shows that mistakes have been made (“Royalties scheme shines stark light on divided landscape”, 8/8).

Let’s hope a decision is made to abandon the scheme. If not, then at least take notice of the heavily weighted evidence from Australia’s art experts that it is a flop and needs serious changes.

If you wanted to plan an assault on the visual arts in Australia, the two-pronged attack of the introduction of this flawed resale royalty scheme, combined with the destruction of art in super funds could not have done a better job of it.

We all hope for a return to a more robust visual art market. Meanwhile, a little assistance from government would be appreciated.”

David Hulme, Manly, NSW

Read Nicolas Rothwell’s article

Written by

Hi, my name is Brigitte Banziger and I am an art consultant and manager at Banziger Hulme Fine Art Consultants, Australia's art valuation and art advice experts. We specialise in art valuations for insurance purposes, for family division, deceased estates, superannuation funds and market values, and advise clients regarding purchase and sales of art (art brokerage). Our services are sought by private clients, companies, public galleries and councils alike. Our aim is to provide professional service with friendly, approachable manner.

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