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.
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.
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.