Draft law threatens to shake up China’s auction industry

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Beijing Poly's inaugural auction in Hong Kong in November

China is considering introducing legislation that means artists will receive royalty payments when their work is resold at auction. The droit de suite (artists’ resale right) clause is contained in the draft of a new copyright law soon to be submitted to China’s State Council, the country’s cabinet. Some say it will stifle China’s art market, others think it could stop fakes coming up for auction. See my latest story for The Art Newspaper. (Photo courtesy Hong Kong Poly)

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