Are the big auction houses doing okay in the art market and sales abroad where they have the resale rights?
Jerry Nadler
The Public Record
Jerrold Lewis Nadler is an American politician serving as the U.S. Representative for New York's 10th congressional district since 2013. A member of the Democratic Party, he previously represented New York's 8th congressional district from 1992 to 2013. Throughout his tenure, Nadler has been known for his work on issues related to civil rights, judiciary matters, and government oversight. He has played a significant role in various legislative efforts and has been an outspoken advocate for progressive policies.
So we have a robust market and an unfairness, and fixing the unfairness by passing this bill would not appear either theoretically or from experience over the last 20, 30 years to harm that market in any way?
Because we do not provide this right, American artists are prevented from recovering any royalties generated from the resale of their works in countries that have resale rights.
This means that the artist receives no part of the long-term financial success of the work.