Blueprint Timeline

The Blueprint Timeline

The Blueprint Timeline is designed to minimize implementation risks by promoting a gradual rollout, continuous stakeholder consultation, and the development of a dynamic and responsive administrative system. This approach ensures that RRR can be implemented effectively while adapting to the evolving needs of the art ecosystem.

The Blueprint Timeline — Legislative Foundation, Institutional Infrastructure, Adaptive Implementation
1
Phase 1

Legislative Foundation

Focuses on strengthening the legal framework by amending the Copyright Act 1987 and the LPSVN Act 2015 to include clear and enforceable resale royalty provisions. This step establishes the legal certainty required for RRR to operate effectively within the art market.

2
Phase 2

Institutional Infrastructure

Emphasizes the creation of a strong administrative backbone. This includes establishing an inter-agency task force involving MyIPO and LPSVN, as well as formalizing and empowering a centralized Collective Management Organization (CMO) to manage royalty collection and distribution.

3
Phase 3

Adaptive Implementation

Involves a gradual and phased rollout of the RRR system. Implementation begins with major auction houses before expanding to private galleries, supported by digital reporting tools to ensure efficiency, transparency, and compliance.