Artists Sue California Galleries Over Resale Royalties

  • "Sam Francis: Catalogue Raisonné of Canvas and Panel Paintings, 1946–1994," edited by Debra Burchett-Lere with featured essay by William C.  Agee, 320 pages, published Oct.  2011, is priced at $495.00 by University of California Press.

    "Sam Francis: Catalogue Raisonné of Canvas and Panel Paintings, 1946–1994," edited by Debra Burchett-Lere with featured essay by William C. Agee, 320 pages, published Oct. 2011, is priced at $495.00 by University of California Press.

    University of California Press

The foundation of the late abstract painter Sam Francis is the lead plaintiff in class-action lawsuits filed Tuesday against nine galleries in California, alleging that they did not pay owed artist's royalties on resold artworks.

The suit follows last month's class-action suits filed against Sotheby's and Christie's in New York and EBay in San Jose citing Resale Royalty Act of 1976, which provides artists with 5% of the sales price of artworks when they are resold under certain conditions. The law also applies to artist's estates for up to 20 years after the death of the artist.

Galleries named so far in the suit include Ace, Manny Silverman, Leslie Sacks, Hamilton/Selway, Denis Bloch and Lora Schlesinger in Los Angeles, and Scott Richards, Martin Lawrence and Hackett/Mill in San Francisco.

The Los Angeles Times reports that a few dealers named in the suit are unaware of selling Francis artworks on the secondary market. One says he only handles prints which are not covered by the law.

Some members of the art trade fear that the suits could greatly affect the resale art market in California, causing more contemporary art sales to be held out-of-state.

More News Feed Headlines

Djinguereber Mosque, Timbuktu

Islamist Extremist Gets 9 Years in Prison for Destroying Cultural Heritage Sites

  • September 28, 2016 13:47

Judges at the International Criminal Court (ICC) at The Hague sentenced Islamic extremist Ahmad ...

Read More

Nude, 1914, by Karl Schmidt-Rottluff

Neue Galerie Returns Nazi-Seized Artwork and Then Buys It Back

  • September 28, 2016 13:10

The Neue Galerie in Manhattan, co-founded in 2001 by cosmetics scion and art restitution advocate ...

Read More

Dancing Shiva — a 900-year-old bronze statue — was returned to India in 2014.

National Gallery of Australia to Get $11 Million in Compensation for Stolen Statue

  • September 26, 2016 21:38

The Supreme Court of New York has granted a motion in favour of a $11 million payment to the ...

Read More

Trump Tower (1981) by Andy Warhol

Looking Back at Warhol's Trump Tower

  • September 26, 2016 21:38

PHAIDON (publisher of the Andy Warhol Catalogue Raisonne Collection) provides a timely art ...

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

 

ArtfixDaily Artwire