The Legislative Decree n. 118 dated 13th February 2006 introduced the right for authors of works of art and manuscripts, and for their heirs, to receive a remuneration from the price of any sale after the first, of the original work: this is the so-called “resale right”.
This payment is due for selling prices over €3.000 and is determined as follows:
- 4% for the portion of the selling price between € 3.000 and € 50.000;
- 3% for the portion of the selling price between € 50.000,01 and € 200.000;
- 1% for the portion of the selling price between € 200.000,01 and € 350.000;
- 0,5% for the portion of the selling price between € 350.000,01 and € 500.000;
- 0,25% for the portion of the selling price exceeding € 500.000.
Fidesarte Italia S.r.l. is liable to pay the “resale right” on the sellers’ behalf to the Società Italiana degli Autori ed Editori (SIAE).