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The 65-year-old artist estimates that, since 2007, his paintings have achieved combined sales of almost £380m. But he has now revealed that he has made barely £230,000 for himself from selling them.
@MariaAragon64 money laundering :( Artists should have rights on all subsequent sales. We do with some cryptoart.
the art market is yesterday's bitcoin, but still going.
Doig said it is collectors who are profiting, buying and selling his works on the secondary market for “crazy prices”, and he has no idea who they are because the art trade is so opaque. “It’s all very clandestine,” he told the Observer. “Some paintings are sold offshore, so it’s untraceable.”