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.
Statistics are shown for this demographic
Response rates from 654 Terenure voters.
50% Yes |
50% No |
50% Yes |
50% No |
Trend of support over time for each answer from 654 Terenure voters.
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Trend of how important this issue is for 654 Terenure voters.
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Unique answers from Terenure voters whose views went beyond the provided options.
@9ZJN9RF1mo1MO
Not the same requirements, but some to hold them to a level of accountability
@9ZFPSQY1mo1MO
Depends. They’re individuals, they shouldn’t be treated as business entities.
@9ZFJYRR1mo1MO
yes to ensure the buyers aren't scammed but they shouldn't have to face the same amount of legal docs as a business
@9ZWFB363wks3W
Absolutely not. This is simply ridiculous. An artist is there to be able to feed themselves. I know artists and they are always sad to let some of their work go, as it is much more a part of them than most people's typical 'work'. For hedge funds, they are only involved in art they have put a lot of research into, and only items that have already gathered largescale interest. As such, the hedge fund is working through greed, and should be taxed quite a bit accordingly. An artist should not have to give anyone else anything from his earnings, as it was something he developed com… Read more
@9ZVBYNT4wks4W
Tricky! On the surface I'd say no, however there's a propensity for laundering activities to be considered ... hard one.
@9ZTQJLX4wks4W
Yes but only when I come made from the selling of artwork has reached a certain threshold. This protects small or upcoming artists whilst also protesting the consumer from fraud when purchasing more expensive artwork
@9ZSZNP34wks4W
Individual artists shouldn’t be compared to large business entities but there should be something in place to prevent scamming
@9YM7NHX2mos2MO
Only when their income reaches a high threshold. It's hard enough supporting yourself as an artist as is.
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