SODRAC

SODRAC
IEGOR - Hôtel des Encans

IEGOR - Hôtel des Encans

December 15, 2009 14:57 ET

SODRAC and IEGOR-Hotel des Encans Enter Into a Copyright Agreement

MONTREAL, QUEBEC--(Marketwire - Dec. 15, 2009) - The Society for the Reproduction Rights of Authors, Composers and Publishers in Canada (SODRAC) and IEGOR - Hotel des Encans, a Montreal-based auction house, recently entered into a historic agreement concerning the rights to use SODRAC members' works in the visual arts and crafts field.

SODRAC, which manages the rights of more than 25,000 visual artists and craftspeople across Canada, provides its clientele (including museums, publishers, art galleries, etc.) with the authorization to use works in SODRAC's repertoire across all distribution platforms. The agreement with IEGOR - Hotel des Encans includes a payment for past use and ensures that SODRAC members will receive royalties for the online reproduction and distribution of their works carried out in the course of the auction house's business.

Art lovers Iegor and Martine de Saint Hippolyte, who founded the IEGOR Hotel des Encans in 1983 and continue to run it, expressed satisfaction upon the signing of the agreement with SODRAC. "For over 25 years, we have made extensive efforts to promote local artistic talent. By making royalty payments, we will be reiterating our ongoing commitment to artists and the works they create," said Mr. de Saint Hippolyte.

"We are very pleased that IEGOR - Hotel des Encans has become one of our clients," said Alain Lauzon, General Manager of SODRAC. "It is important for the artists and rightsholders we represent to be compensated for use of their works. This agreement, which is exclusively for our members, is highly significant because it will enable SODRAC to offer these artists an additional royalty source, thereby opening the way to developing the auction house sector."

SODRAC specializes in copyright clearance for reproduction of musical works (since 1985) and artworks (since 1997). To ensure that its members (authors, composers, publishers, visual artists and craftspeople) are remunerated fairly, SODRAC makes its repertoire available to a wide-ranging clientele for distribution on all platforms.

The IEGOR - Hotel des Encans auction house was founded in Montreal in 1983 and quickly became one of the North American leaders in the international auction market. In addition to fostering a passion for art, IEGOR has made an unquestionable contribution to the development of the local market.

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