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 23k Australia voters.
50% Yes |
50% No |
50% Yes |
50% No |
Trend of support over time for each answer from 23k Australia voters.
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Trend of how important this issue is for 23k Australia voters.
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Unique answers from Australia voters whose views went beyond the provided options.
@B3XZGQQ7 days7D
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.
@B3R5KQR2wks2W
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
@B39N2P24wks4W
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
@B33ZG2T1mo1MO
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.
@9ZHR87Z4mos4MO
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.
@9ZFCJX44mos4MO
Depending on how much the artist is making save the hedge funds making $34 billion and the artist is only making $500 there's a big difference on regulatory standards for reporting and summarising an income statement for the ATO or any government agencies that want to know so depending on what the artist is making no
@9W7FMBV5mos5MO
Depending on how they made their art and what inspired it, it could be the right thing to do, but if their is such little to nitpick on then theirs no point.
@9VPTBW35mos5MO
If selling actual traditional artwork - no but if they are artists selling digital art or nfts then yes definitely
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