# The Artist’s Resale Right Regulations 2006, Regulation 12: “Resale”


(1) The sale of a work may be regarded as a resale notwithstanding that the first transfer of ownership was not made for a money (or any) consideration.
(2) The sale of a work may regarded as a resale only if the conditions mentioned in paragraph (3) are satisfied in respect of that sale.
(3) The conditions are that—
(a) the buyer or the seller, or (where the sale takes place through an agent) the agent of the buyer or the seller, is acting in the course of a business of dealing in works of art; and
(b) the sale price is not less than 1,000 euro.
(4) The sale of a work is not to be regarded as a resale if—
(a) the seller previously acquired the work directly from the author less than three years before the sale; and
(b) the sale price does not exceed 10,000 euro.

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Source: https://www.legislation.gov.uk/ukdsi/2006/0110738209/regulation/12 (the official version)
Page: https://openlegislation.uk/draft-artists-resale-right-regulations-2006/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.