The artist’s resale right (droit de suite) entitles artists or their heirs to a royalty in relation to secondary sales of their works, calculated as a percentage of the resale price. Some players in the London art market had seen Brexit as an opportunity to get rid of the artist’s resale right, as in their view, it put London at a disadvantage with marketplaces in the United States or Switzerland, where no such right exists.
Peter Bert's Blog about Litigation, Arbitration and Mediation in Germany – Art Law, Case Law, News etc.