Droit de suite, which translates literally as "right of continuation, " began in France in the 1920s.
What I like is one can press a button and exit all tout de suite.
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Yet in practice droit de suite benefits a tiny number of artists, most of them already wealthy.
The U.K. had 24%, while France, the first country to impose the droit de suite, had a measly 4%.
Nor, lastly, does the case against the droit de suite rest on the special claims of London's art market.
Defenders of the droit de suite sometimes point to the royalties that accrue to sales of books and recorded music.
Unfortunately, while the British government can commission reports on droit de suite's malign effects, it is powerless to stop it being imposed.
Its pre-sale estimate is quoted net of buyers' premium, VAT, the artist's resale tax (or droit de suite, as it is usually known), and any other extra cost.
EU. Eight other European countries already have droit de suite.
To deny the validity of the droit de suite is not to be a philistine: arguably, it is more philistine to equate the value of a work of art with its price.
Once the droit de suite kicks in, a Buenos Aires collector looking to unload a cache of Lucian Freuds would have a financial incentive to sell through a New York gallery rather than one in London.
The Internet protocol suite has become the de facto standard for global Internet services and consumers, but it also serves as a near ubiquitous substrate for running critical network infrastructure and applications.
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