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

Brigitte Banziger

Hello, 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 offer comprehensive art valuation and art brokerage services (selling and buying art on behalf of clients). Our art services cover everything from valuations, art care and restoration, to general advice such as helping define the goals for your art collection and work out the best strategy on how to achieve those goals, including where, how and when to buy or sell.

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