A New Royalty: The Future of Compensation in the Visual Art Industry

A New Royalty: The Future of Compensation in the Visual Art Industry

50 years ago, world-renowned artist David Hockney sold his painting, “Portrait of an Artist (Pool With Two Figures),” for an inflation-adjusted price of $124,000. In 2018, that same painting re-sold for a record-breaking $90.3 million; unfortunately for Hockney, he...