Wednesday - 03 September 2014

Unclaimed resale right cash to be returned after six years

10 April 2012Written by ATG Reporter

THE Design and Artists Copyright Society (DACS) have announced that they will hand back undistributed Resale Right royalties after six years.

However, they say that they will still charge the 15% administration fee, despite not successfully passing on the royalty to the relevant artist.

In addition, it is understood that DACS will keep any interest earned on the money while it has been in their possession over the six-year period.

DACS say they will be expanding their team in order to trace more qualifying artists and are receiving training from experts in tracing missing heirs and beneficiaries.

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