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Smart Contracts Are Artists' Best Weapon in the Fight Against Flippers. Here's How They Work

Here is everything you need to know to understand smart contracts—and how they can make the market more equitable.

Laurie-simmons , Seth-siegelaub , David-lewis , Frank-stella , Nanne-dekking , Hannah-traore , Max-kendrick , Robert-projansky , Louise-carron , Alteronce-gumby , Hank-willis-thomas , Ludovic-nkoth

Artists Have Been Attempting to Secure Royalties on Their Work for More Than a Century. Blockchain Finally Offers Them a Breakthrough

Artists Have Been Attempting to Secure Royalties on Their Work for More Than a Century. Blockchain Finally Offers Them a Breakthrough
There's a through line from attempts to reform the art market in the '60s to artists like Simon de la Rouviere's work today.
The Artwork Is Always on Sale V2 (2020).
Amid all the recent backlash against NFTs, the real and exciting possibilities that blockchain technology offers for solving longstanding flaws in the art market could be lost. The great promise of blockchain is something more than just letting people buy and sell digital art. This new technology holds the potential to give artists of all kinds equity in their work.

Mechanics-institute , California , United-states , New-york , Lower-east-side , Berne , Bern , Switzerland , La-rouviere , Languedoc-roussillon , France , Museum-of-modern-art

Can Artists Use Their Sale Contracts to Game the System?

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Can Artists Use Their Sale Contracts to Game the System?
50 years ago, a manifesto by Seth Siegelaub reimagined what economic justice could look like in the arts
Graphic for KADIST’s new Artist Contract, 2020. Courtesy: KADIST
In March 1971, a broadside boldly labelled
The Artist’s Reserved Rights
Transfer and Sale Agreement rolled off an independent press in New York. Across the poster’s front was a manifesto by Seth Siegelaub, the innovative conceptual art curator-publisher and former dealer, outlining ‘some generally acknowledged inequities in the art world’. Its verso, drafted by the young lawyer Robert Projansky, contained 19 clauses in heavy-handed legalese promising to remedy those ills. Among the terms was the right for artists to refuse exhibitions of their work, the right to know who purchased it and, most controversially, the right to claim 15 percent of any resale profits, giving artists a voice in how their work is used and a share in its future value.

New-york , United-states , Seth-siegelaub , Laurence-eisenstein , Cady-noland , Ed-kienholz , Nari-ward , Robert-projansky , Art-worker-coalition , Partnership-for-the-homeless , Bowery-mission , Artist-contract