The short answer is Yes. Not only do we purchase all of our artworks in full, we do not take artwork on commission. We also subscribe to paying royalties to the artists as well under the Resale Royalty Scheme.
The Resale Royalty Scheme came into effect on 9 June 2010. The Scheme requires us to pay a royalty to the Copyright Agency Limited when Australian Artworks are sold or re-sold. Copyright Agency Limited is then responsible for distributing the royalty to the artist or their heirs.
Commercial resales of artworks for $1,000 or more must be reported and the royalty is calculated as 5% of the sale price. The Scheme only applies to artworks acquired by the seller after 9 June 2010.
For paintings displayed as 'for sale' on this website, we have factored the royalty into the sale price to ensure the listed sale price is ultimately the price you will pay for the artwork. We then pay the royalty to Copyright Agency Limited.
Please be aware, that if your painting meets this criteria and you re-sell your painting in the future, a royalty will be payable by you to Copyright Agency Limited.
To find out more about the Resale Royalty Scheme, visit www.resaleroyalty.org.au