ARTIST'S RESALE RIGHTS

About Aspire Art's ARR Initiative

Artist Resale Rights (ARR) is a policy which entitles artists to a share of the sale proceeds when their artwork is resold on the secondary art market. Every time an art market professional sells an artist's work, ARR dictates that eligible artists should receive a share of the commission generated in the form of a resale royalty.

At Aspire’s inception we introduced our ARR initiative and have since paid over R100,000 to living South African artists. We are the only African auction house which has done so. Aspire pays the full amount for ARR voluntarily and entirely from its own revenues, and undertakes the full administrative process too, as it is not legislated in South Africa like elsewhere in the world. Consequently, the cost is not transferred onto the buyer and seller, nor is the process operated by an independent third-party body to handle the management and regulation processes, as is the international convention. This policy is about sustainability and support for artists because, if artists cannot continue to do the important work they do, art businesses such as Aspire, and all the others that function in the South African art market, could not exist. We acknowledge our debt of gratitude to the artists and practitioners that make what we do possible.

 Important Information for Artists

1. ARR is only applicable to Artists whose Artwork/(s) has/(ve) been sold in a Live Auction in South Africa; ARR is not paid from the proceeds of Timed Online Auctions

2. ARR is only paid to living artists, these rights shall not pass or transfer to the Estate of any artist or his or her heirs or beneficiaries

3. ARR is only paid into South African bank accounts

4. ARR payments are limited to SA taxpayers in good standing with the Receiver (initiative to grow and support SA economy)

5. Artists are required to accept Aspire ARR T&Cs

6. Limit: ARR is only paid to eligible Artists who have signed-up with Aspire's ARR Policy within the year of the sale of their Artwork/(s) and only once per year and only if sold via Aspire at a live auction

7. Artists only start accruing ARR from the time they sign-up with Aspire's ARR policy

8. ARR only applies to resales for third-parties unrelated to the artist and not if consigned to Aspire by the artist or his/her agent

9. ARR payments are not cumulative from previous years

10. All ARR payments are capped at R5,000 per Lot

11. Aspire will make a single, annual payment in May on total sales accrued by eligible Artists during the previous year’s financial cycle

12. Artists are required to sign-up for ARR below and will need to supply:

• Copy of ID

• Proof of Residence

• SARS Tax Compliance certificate (not older than 3 months)

• Banking Details (SA banks only)

 ARR is calculated as follows:

ARR ARTIST APPLICATION FORM