![img_49-1.jpg](https://gazette-eu-west2.azureedge.net/media/92139/img_49-1.jpg?width=750&height=500&mode=max&updated=05%2f29%2f2023+09%3a39%3a02)
Living artists and the descendants of artists deceased within the last 70 years are entitled to receive a resale royalty each time their work is bought. The right applies only when the sale price reaches or exceeds the sterling equivalent of €1,000 and is calculated on a sliding scale.
Please note ARR is calculated in euros. Auctioneers will apply current exchange rates.