evaluating the impact of an australian resale ... - Office for the Arts

The Impact of an Australian Resale Royaltyon Eligible Visual Artists4.1 OPTION ONE – 5% RATE AND NO THRESHOLD4.1.1 5% RATE AND NO THRESHOLD - PERFECTLY ELASTIC DEMANDAggregatesTotal Sales ($m) $212.78% of Sales Captured 90%Total Value of Work Sold ($m) $191.72Total Royalties Collected ($m) $7.86Administration ($m) $1.54Net benefit ($m) -$1.54DistributionTop 5 Artists 24.90%Top 5-10 Artists 12.80%Other Artists 62.20%Distribution of Net Royalty RevenueNumber of Artists 2372Top 5 Artists 27.60%Top 5-10 Artists 14.20%Other Artists 58.20%Average royalty $3,875Distribution of Royalty Income - Composite Year58.2%6.9%6.8%6.0%4.2%3.9%14.2%RoyaltiesCollected:$9,190,517Arthur Merric Bloomfield BoydBrett WhiteleySidney Robert NolanCharles BlackmanNorman Alfred Williams LindsayTop 5-10 ArtistsOther ArtistsTotal Number ofOther Artists:2,36217