Swizz Beatz and Alicia Keys launch resale royalty initiative with Bonhams

Musicians and collectors Swizz Beatz and Alicia Keys, influential figures in the art world, have partnered with auction house Bonhams to launch an initiative aimed at financially supporting artists when their works are resold. This voluntary program, announced on September 9, 2026, is part of a broader effort to advocate for creators' rights, a topic of increasing debate internationally.

Under the initiative, consignors will be asked to contribute 5% of the hammer price of each lot sold, a sum that Bonhams will match. These contributions will go to a fund designated for artists, though specific distribution details have yet to be announced. The program will apply to sales held by the house, likely starting with contemporary art auctions, where the couple is particularly active.

The announcement comes amid ongoing discussions about resale royalties, as artists often do not benefit from the appreciation in value of their works on the secondary market. Swizz Beatz and Alicia Keys, known for their collection of works by African American artists and their philanthropic efforts, had previously expressed a desire to make the art market more equitable.

While largely symbolic, the initiative could encourage other market players to adopt similar practices. Bonhams, which is undergoing development under new ownership, hopes to stand out in a competitive sector. Further details, including which categories of works will be covered and how the program will be implemented, are expected in the coming months.

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Written by the ADM desk based on The Art Newspaper. Read the original article for the full story.