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7 Notre Dame J. Int'l Comp. L. 115 (2017)
No More Starving Artists: Why the Art Market Needs a Universal Artist Resale Royalty Right

handle is hein.journals/ndjicl7 and id is 117 raw text is: NO MORE STARVING ARTISTS: WHY THE ART MARKET NEEDS A UNIVERSAL ARTIST RESALE ROYALTY RIGHT ALLISON SCHTEN* INTRODUCTION ........................................... ......... 115 I. DEVELOPMENT OF DROITDE SUITE................... ............... 117 II. CURRENT STATUS OF ARTIST RESALE ROYALTY LAWS.... ............. 118 A. Droit de Suite in the European Union ... ...................... 118 B. Droit de Suite in Australia ...................................... 120 C. Droit de Suite in Canada. .................................. 121 III. THE OUTLIERS: THE UNITED STATES AND CHINA ......... ............ 123 A. Droit de Suite in the United States ........................... 123 B. Droit de Suite in China ................... 126 IV. ARTIST RESALE ROYALTY SCHEMES IN PRACTICE AND THEIR DISPARATE IMPACT ON THE INTERNATIONAL ART MARKET ....... 127 A. Criticisms of Droit de Suite................................ 127 B. Evaluating the Effects of Existing Droit de Suite Schemes on their Domestic Art Markets ................................ ....... 130 C. Speculating on the Effects of Droit de Suite on the International Art Market.................. ............................... 132 V. SUGGESTIONS FOR REFORMS. ...................................... 134 CONCLUSION............................................ ........... 136 INTRODUCTION Pablo Picasso's Les femmes des Algers sold for a record-shattering $179,365,000 at a Christie's auction in May 2015.1 Although this sale made Les femmes des Algers the most expensive painting of all time, its record will no doubt be broken in the future. Buying and selling art has long been seen as a * Candidate for Juris Doctor, University of Notre Dame Law School, 2017; B.A. in History of Art, B.A. in Economics, Indiana University, 2014. I would like to thank Professor Mary Ellen O'Connell for her thoughtful and invaluable guidance throughout the writing process. I am also exceedingly grateful for her mentorship on the subjects of art and international law more generally. I also thank my family and friends for their kindness and support. 1 Shane Hickey, Picasso Painting Breaks the Record for the Most Expensive Artwork Sold at Auction, THE GUARDIAN (May 12, 2015), http://www.theguardianacom/artanddesign/2015/may/12/pablo-picasso- work-sets-record-for-most-expensive-artwork-sold-at-auction. 115

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