The Art Market and Its Illiquidity

There have been artists royalty acts proposed in congress, but none passed. The state of california did pass a royalties act, backed by robert rouschenberg. It set aside a five % royalty when the work of a california artist was sold in california by a collector. As we heard earlier from the economist canis prendergas it's one of strangest markets that i think i have ever seen. But prendergast also notes that artists don't give up trying. I'm the best at making tom’s art which is made to make anyone else do better than anyone else. And chabela who finds the art market opaque and vulgar