arnet News | Eileen Kinsella:
When it comes to parting with paintings and other precious objects, Christie’s wants to keep life simple for its consignor clients in France.
That, in a nutshell, is why the auction house is fighting back against a recent Paris court ruling that changes the way droit de suite—or resale royalties paid to artists or their heirs—are handled. The latest ruling effectively shifts the burden back to the seller of the work, making them responsible for equitably dispersing a chunk of their proceeds to the artist or estate in question… Read more
Image: Christie’s Paris offices on Avenue Matignon. Courtesy Christie’s