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I wonder where you got that number?
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Regards,
Andy Pearlman
Andy Pearlman Studio
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This figure comes from another list i follow ( and could be wrong), but my understanding is, if you register your image before it is published, the minimum "damage" ( not sure if that is the right word) can be 10K. If the image isn't registered then you have to "prove" the value of the image... if your normal fee is $10 then that is what the value is.
Since I operate under a different set of laws ( and paperwork) this is just theory for me.
grs