Whenever a musician sells a track, they receive a small payment, or royalty, from the transaction. When an artwork is resold on the secondary market by a gallery, dealer or auction house for over €1,000, the artist who made the work is owed a small percentage of the resale value as well.
Primary sales - the first sale of a work - are not included, as an artist should get a paid by the gallery selling the work instead.
The Right lasts for your whole life plus 70 years after your death – meaning whoever inherits your estate is owed money on sales as well.
It operates in a number of other countries besides the EU.
There is a sliding scale from 0.25% to 4% of the sale price for royalties, but the maximum you will receive on any resale is €12,500, no matter how much the work sells for.
To collect payments after sales, artists must use one of the official collecting agencies, each of which currently charges 15% of the money collected as a fee.
A full guide can be found in our Artlaw section on Artists Resale Right.