Thursday - 24 July 2014

SLAD survey confirms fears over Resale Right extension

18 July 2011Written by ATG Reporter

THE Society of London Art Dealers (SLAD) have reinforced the claim by the British Antique Dealers Association that the extension of the Artist’s Resale Right next year will have a significant effect on business.

The revelation is one of the main planks of the latest SLAD survey, based on replies from just under half its 125-plus members.

Those polled included 62% who said they were already affected by the ARR and 82% who expected to be affected once the estates of artists who have been dead for less than 70 years qualify after January 1.

This compares to only 70% who said they expected to be affected when SLAD conducted their last survey in 2009.

Of those impacted already, 69% consider it has either lost or caused them to divert sales, while two out of three estimate the administrative cost per transaction as being £20, with one in three setting that figure at £30 or more.

Other headline findings showed that 60% of members had a better year than expected in 2010, with 42% expecting further improvement in 2011.

Meanwhile 52% saw an increase in sales, with 56% seeing an increase in profits in the past year. This compared with 26% who saw sales fall and 27% who saw a decline in profits.

More than 80% took a stand at fairs, with a similar proportion holding at least one exhibition.

Finally, almost all members now have websites.

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