In 2024, the United States Securities and Exchange Commission (SEC) brought lawsuits against artists and art marketplaces, arguing that artwork should be classified as a security and subject to the same reporting and disclosure standards as financial institutions. Proponents argue that this would provide greater transparency and protect buyers from fraud, ensuring that the art market operates with the same accountability as financial markets. Opponents contend that such regulations are overly burdensome and would stifle creativity, making it nearly impossible for artists to sell their work without facing complex legal hurdles.
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Response rates from 32k Australia voters.
51% Yes |
49% No |
50% Yes |
49% No |
1% Yes, but only if the sales price is high enough to justify it as an investment |
Trend of support over time for each answer from 32k Australia voters.
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Trend of how important this issue is for 32k Australia voters.
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Unique answers from Australia voters whose views went beyond the provided options.
@B33ZG2T2mos2MO
An artist should be held to the same reporting requirements if the artwork is sold above a certain threshold. All artwork companies, however, should be held responsible regardless of the art price.
@B4D84C62wks2W
Yes, but add an income minimum for this. So that new artists can still get out there and get a footing.
@B4BR4LH2wks2W
Hedge funds have the capacity to legally represent themselves despite their egregious acts. Independent artists do not. This is not a fair comparison. You are comparing fish to sharks.
@B494M8K3wks3W
I think that whilst artists shouldn't have different reporting and disclosure requirements, they should also have freedom to express their opinion.
@B3XZGQQ1mo1MO
The vast majority of artists make pitiful earnings, so unless they are the top few making large amounts of money, we should somewhat be lenient toward them.
@B3R5KQR1mo1MO
It depends on what you mean by “artists”.. There are so many different genres that I’m reluctant to answer - that would make all art seem generic and it’s clearly not
@B39N2P22mos2MO
Art is an expression of self so people who make so called “art” for money should be. People who make it for other reasons should not
@9ZHR87Z5mos5MO
The question asks about artists, but the reporting should be on art related corporations. They have enough corporate structure and documents to be audited and regulated. This should not be used to bug smaller independent artists, those are covered by income tax laws.
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