Design and Artists Copyright Society (DACS) distributed more than £2.6m in Artist's Resale Right (ARR) royalties from July to September this year.
The figure brings DACS’ total royalties paid to artists and estates so far this year to almost £7.5m.
Median ARR payment in the third quarter was £280, with more than 60% of royalties under £500.
Of the 862 artists and artists’ estates receiving royalties during the third quarter of the year, 53 artists were paid ARR for the first time.
Since the right to ARR became law in 2006, DACS has now paid out almost £123m to 6,079 artists and estates.
DACS Chief Executive Christian Zimmermann commented “ARR is more than just a royalty payment”.
“For many artists and estates, it is an enduring connection between artists and the evolving ownership of their works; simultaneously creating a robust and transparent provenance trail, adding depth to the stories behind each work.”