Australia implements artist royalties.

I was told that the droit de suite was one of the reasons the art market in Paris lagged behind cities like London. However with the UK now having its own royalty program firmly in place what impact will this have on the market? Today I read that Australia has also now followed suit having put in place its own royalties program. Its a great debate, and I actually fall on the side of the argument that living artists should not collect royalties on sales. For living artists high resale prices increase the value of new work, so as long as the artist keeps producing they will benefit. If an artist is deceased I believe the artist's estate/family should benefit from the resale of the work. To get the details of the laws and read the pros and cons you can visit the following links:
Artnet article on Art Royalties
Public discussion on art news blog
Australia's Artist to be paid for every sale. From Sydney Morning Herald