Indigenous Australian art is celebrated globally. But who reaps the profits? | The Business [Video]

Indigenous Australian art is celebrated globally. But who reaps the profits? | The Business

Australian artists are calling on one of the world’s biggest auction houses to start paying money to Indigenous communities when their work is sold overseas. Subscribe: http://ab.co/1svxLVE Read more here:

Sotheby’s has been holding auctions of Aboriginal art in New York for several years, escaping royalties that would have been paid if they were held in Australia.

A royalty scheme of five per cent on secondary art sales has been in place in Australia for 15 years.

Royalties are only paid on art resold for more than $1000 through an auction house or gallery and nothing is paid if the seller bought the work before 2010.

The federal government is giving Copyright the ability to recoup royalties in 17 countries with resale schemes, including France, Italy and the United Kingdom from April.

Indigenous Australians are advised that this story contains the names and images of people who have died.

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Tags First Nations Culture, Indigenous, Native Canadian