My friend’s father was an artist (he’s dead), his paintings are collectable and sell for ~100k. My friend said whenever one of the paintings sells, he gets a percentage (don’t know how big) of the sale price, because he inherited his father’s estate (this is n the uk).
I didn’t know that an artist retained an interest in an artwork after it was sold. How long does this interest last ?
It may be something in the will, where paintings are sold from the estate because I’ve never heard of such a thing otherwise. How could you even track a private sale between strangers?