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There is an analog with art, a /droight de suite/ or a system for resale royalties. The idea is that starving artists have very low bargaining power compared to
by rz2k 11y ago
There is an analog with art, a /droight de suite/ or a system for resale royalties. The idea is that starving artists have very low bargaining power compared to galleries and art dealers. The theory goes, that if the artists are disallowed from selling all of their ownership rights, that is, they will receive a royalty every time their painting is sold in the future, then the creators of pieces that turn out to be extremely valuable will never be left starving on the street simply because they were bad at negotiating.
However, retrospective analysis of such systems in practice has tended to show that artists' bargaining position has not been as weak as the common narrative, and constraining the upside potential for art dealers has lead to less funding in the market overall, and less risk-taking in the form of purchasing works from undiscovered artists who are most likely to resemble the starving artist archetype.