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1 results

  • 8 - Property

  • Amy Whitaker, New York University
  • Book:
    Economics of Visual Art
    Published online:
    23 July 2021
    Print publication:
    12 August 2021, pp 198-221

  • Summary

    Although economics models goods as unified, in fact artworks are goods that are made up of many different rights. Here, we consider intellectual property, specifically copyright, as part of the bundle of rights. We review fair use and expand to discuss other forms of property artists have in their work, including resale royalties and fractional equity. We consider case studies of Richard Prince, Takis, and the Art Workers’ Coalition, the Siegelaub–Projansky Artist’s Contract, Adrian Piper, Betty Parsons Gallery, Green Gallery, and Shepard Fairey. Although this chapter focuses on a US legal context, it also includes international treaties and systems of moral rights.