Why should artists miss out on royalties as authors, musicians, and other creatives thrive with them?
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$4.3m
The artist received nothing from this sale
Amy Sherald’s The Bathers 2015, sold for $4.3m—more than 20 times the low estimate.
Artists should be able to directly benefit from the upside of their market. Stop the nonsense.$4.5m
The artist’s estate received nothing from this sale
Matthew Wong’s Shangri-La 2017, shattered a high estimate of $700,000 to sell for $4.5m.
Artist royalties allow the artist to create more art. Stop the nonsense.$6.5m
The artist received nothing from this sale
Dana Schutz’s Elevator 2017, selling at Christie’s for a record $6.5m, more than double the high estimate.
Artist royalties could help provide a decent living wage for artists. Stop the nonsense.$0
Paid to artists
In North America (and a number of other regions), visual artists are not paid royalties. In contrast, the United Kingdom and Europe have mandated artist resale rights. Let’s make this fair, globally.
$2.7b
Paid to songwriters and composers
In North America, ASCAP distributed $1.184 billion, BMI distributed $1.233 billion, SOCAN distributed $296 million in royalties to songwriters, composers and publisher members.
“How could you pay $10,000 for an artist’s work at the beginning and, at some point, it’s worth $30 million, and they or their family see nothing of that increase?”
Alicia Keys
“We need legislation to enact the right to royalties, and we need to align it with what goes on in Britain and the E.U.”
Frank Stella
"Why artists should receive royalties from resale of their art is, well, I don't see why it should be any different to authors or musicians, designers and so on.”
Gordon Cheung
“It’s a question of basic fairness.”
Chuck Close
“The reason why Artist’s Resale Right is something I really value is because it puts me back in contact with pieces of work.”
Gavin Turk
Join our growing, international, list of supporters who believe royalties matter, and bring more awareness to the payments artists deserve.
Peggy will be one of the first online platforms to provide royalties on every secondary sale.
Help strengthen the conversation around the fact that artists deserve royalties on secondary sales, globally. Sign up below to share.
Joining us means joining the group of growing supporters who wish to raise the profile, awareness, and support providing artists with royalties on secondary sales.
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This movement is led by artists, and funded by Peggy. Peggy is a startup founded to support artists, galleries, and collectors in a sustainable way by enabling artist and gallery royalties globally.
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