Auction Sellers’ Anonymity To Face Court Review in New York

February 4th, 2013

Christie's saleroom photo by ArtObservedA recent court ruling has challenged the practice of keeping auction sellers anonymous in New York State, and could fundamentally challenge how art auctions are conducted in the future, allowing buyers to avoid payment if the seller is not identified.  “As of now you can back out of any transaction where the name of the seller is not provided,” said Peter R. Stern of McLaughlin & Stern.Read more at The New York Times