Many artists earn only a small proportion of their income directly from their art practice: but there are many different ways to finance your career.
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.
From April 2003, the Artlaw articles published in this column over the past 26 years will be available online at www.
On December 1 1996 a new intellectual property law was passed in the UK which will give galleries, museums, public and private collectors and exhibitors a new economic power over artworks in their possession: Publication Right.
Just like the proverbial long wait at the bus stop and then three buses come along at once, there has been a bumper crop of recent illuminating copyright lawsuits involving works by artists as diverse as Richard Prince, Chapman Kelley, and Marina Abramovic.
Most UK lawyers know little about intellectual property law, because it has never been a compulsory subject for professional qualification.
The UK's creative industries currently earn £112b a year according to statistics from the Department for Culture, Media and Sport, representing a growth rate of 9% annually between 1997 and 2000 (compared to an average of 2.