News
Public auction: the auctioneer cannot act in payment of the auction price
In a recent dispute between an auctioneer and a gallery owner, the Paris Court of Appeal has clarified the scope of the auctioneer's mandate when organizing a public auction. This dispute dates back to November 2015 when, following a public auction, a gallery owner purchased a lot described as an oil on canvas in his own name and by telephone. The same day after the sale, the gallery owner came to collect the painting but was unable to make payment. After examining it, he finally decided not to purchase it on the grounds that it was not a real oil (...)
In a recent dispute between an auctioneer and a gallery owner, the Paris Court of Appeal has clarified the scope of the auctioneer's mandate when organizing a public auction. This dispute dates back to November 2015 when, following a public auction, a gallery owner purchased a lot described as an (...)