Page 44 - AC-3-1
P. 44

Arts & Communication                                             Blockchain and royalties in China’s art market



            the impacts of technological advancements, and the    from:    https://hyperallergic.com/153681/an-illustrated-
            balance between innovation and regulation.            guide-to-artistresale-royalties-aka-droit-de-suite  [Last
                                                                  accessed 2024 Jan 15].
              In conclusion, this paper illuminates the multifaceted
            realm of resale royalties within the art market and the   3.   Ricketson S, Ginsburg JC.  International Copyright and
            transformative potential of blockchain technology. It   Neighbouring Rights: The Berne Convention and Beyond.
            calls for harmonized legal frameworks, encourages     Oxford: Oxford University Press; 2006.
            technological adoption, and underscores the importance      doi: 10.1093/oso/9780198801986.001.0001
            of education and collaboration in navigating this evolving   4.   National Copyright Administration of the People’s Republic
            landscape. The journey ahead for blockchain in the art   of China. Copyright Law of the People’s Republic of China.
            market, particularly in the context of resale royalties, is   2012 Amendment Draft, Article 9 and Article 10. Beijing:
            poised to redefine traditional paradigms, offering a new   National Copyright Administration; 2012.
            era of opportunities and challenges.
                                                               5.   U.S. Copyright Office. Resale Royalties: An Updated Analysis.
            Acknowledgments                                       U.S. Copyright Office; 2013. p.  4. Available from: https://
                                                                  copyright.gov/docs/resaleroyalty/usco-resaleroyalty.pdf
            None.                                                 [Last accessed on 2024 Jan 15].
                                                               6.   Zhao Z. Fulfilling the right to follow: Using blockchain to
            Funding                                               enforce the artist’s resale right. Cardozo Arts Entertain Law
            None.                                                 J. 2021;39(1).
                                                               7.   Castro I.  Interest in NFT Market Grew Exponentially
            Conflict of interest                                  During  Pandemic.  LendIt  Fintech  News;  2022.
            The author declares no competing interests.           Available   from:    https://www.lendacademy.com/
                                                                  int eres t-in-nf t-m a r k et-g re w-exp on ent i a l l y-
            Author contributions                                  duringpandemic/#:~:text=The%20platform%20offers%20
                                                                  artists%20%E2%80%9Ccreator,2.5%25%20of%20every%20
            This is a single-authored article.                    sale%20transacted [Last accessed on 2024 Jan 15].

            Ethics approval and consent to participate         8.   Holland O. How NFTs are Fueling a Digital Art Boom. CNN.
                                                                  Available  from:  https://www.cnn.com/style/article/nft-
            Not applicable.                                       digital-art-boom/index.html [Last accessed on 2024 Jan 18].

            Consent for publication                            9.   Whitaker A, Bracegirdle A, De Menil S, Gitlitz MA, Saltos L.
                                                                  Art, antiquities, and blockchain: New approaches to
            Not applicable.                                       the restitution of cultural heritage.  Int J Cult Policy.
                                                                  2021;27(3):312-329.
            Availability of data
                                                                  doi: 10.1080/10286632.2020.1720338
            Not applicable.
                                                               10.  World Intellectual Property Organization (WIPO).  The
            Further disclosure                                    Artist’s Resale Right: Toward Worldwide Recognition.
                                                                  WIPO Magazine; 2017. Available from: https://www.wipo.
            Part of the findings of this paper was presented by Zhongbo   int/wipo_magazine/en/2017/03/article_0001.html  [Last
            Tian  at an  academic  conference. The  presentation,   accessed on 2024 Jan 17].
            titled “Digital Transformation of Art Resale Rights: The   11.  Purje TM, Purje TM. An Illustrated Guide to Artist Resale
            Application of Blockchain in the Global Art Market and   Royalties (aka ‘Droit de Suite’). Hyperallergic.
            Its Practice in China,” took place at the International   Available  from:  https://hyperallergic.com/153681/
            Symposium of Global Art Market Research & Young       an-illustrated-guide-to-artist-resale-royalties-aka-droit-de-
            Scholar Forum of Art Market Research on December 1,   suite [Last accessed on 2024 Jan 18].
            2023.                                              12.  Fratello B. France Embraces Millet: The Intertwined Fates

            References                                            of The Gleaners and The Angelus. Available from: https://
                                                                  www.mutualart.com/Article/France-Embraces-millet--
            1.   Vickers CM. The applicability of the droit de suite   the-intertwined-/65db908a334354D8 [Last accessed on
               in the United States.  Boston Coll Int Comp Law Rev.   2024 Jan 17].
               1980;3(433):438.                                13.  Depotartspace.  Artist Resale Royalties  -  Depot. Available
            2.   Morgan T, Purje L.  An Illustrated Guide to Artist Resale   from:  https://depot.org.nz/arts-in-action/artist-resale-
               Royalties (aka “Droit de Suite”), Hyperallergic; 2014. Available   royalties [Last accessed on 2024 Jan 18].


            Volume 3 Issue 1 (2025)                         20                               doi: 10.36922/ac.2875
   39   40   41   42   43   44   45   46   47   48   49