A new EU Report holds to task the British fine art market, estimated
to be worth some £4.2 million per year. From 2006, the droit
de suite directive will put a tax of up to 4% on all resales of
works by living artists, or those who have been dead for less than
70 years, with the proceeds going either to the artists or to their
heirs. As a result, generous options will open up for artists. The
predicament of Eduardo Paolozzi was recently discussed in The
Independent, who now lives in a home following a debilitating
illness, at considerable cost to his family. The proceeds of the
tax would mean this cost would cease to be a problem.