The Artists’ Collecting Society (ACS) and Design and Artists Copyright Society (DACS) have settled a legal dispute with multi-millionaire art dealer Ivor Braka.
The two collection societies commenced legal proceedings against Braka last March over unpaid resale royalties.
The case was the first of their kind brought under the Artist’s Resale Right Regulations in the UK.
A statement released on Tuesday (14 February) said the three parties had reached a settlement and now "look forward to working together to provide artists with the royalties to which they are entitled".
A DACS spokesperson told Arts Professional that as the agreement is subject to confidentiality provisions, details on what the settlement entailed were not available.
Published: 15-02-2023