June 27, 2004
Free art! Then 50% of the profits
Andrius Kulikauskas’ lab is initiating a new way of selling art that gets around the annoying fact that artists don’t get any cut of the profits speculators make when selling and re-selling their work. According to the new plan, the artist gives the artwork to someone who agrees to give her 50% of any future sale, and promises to sell only to someone who agrees to the same terms. More here.