A New Royalty Line Enters the Fine Print at Bonhams

Bonhams has introduced a new resale royalties model, adding a fresh term to how proceeds are handled when a work returns to the block through the house a second time. For collectors and dealers who consign there, it means one more line to read closely in future paperwork. The move sits alongside a wider push, reported the same week, for the U.K. to standardize how auction houses record and share sale data.

With reporting from Artnet News.