Under the Federal Arts Promotion Act, the government purchases works by contemporary fine artists as a support measure. The administration of this collection – Federal Artothek – which contains more than 37 000 objects was contracted out in 2002; the federal government remains the owner of the collection itself. The holdings of the government’s Artothek were moved to the 21er Haus (Belvedere) in 2012.
Since 2005, the ‘resale right’ has guaranteed artists and their legal heirs a share of the commercial profit that resellers (auction houses, art dealers) receive from the increased value of a work, in that artists receive between 0.25% and 4% of the proceeds.
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