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Words: | Submitted: Mon Jun 19 2006
... art or antiquities was not primariliy in the mind of the legilature when the Act was passed in 1968, the courts addressed the art world in May v. Vincent.1 2.) Criminal liability of members of auction rings according to the Auctions (Bidding agreements) Act 1927 and 1969 III. Civil recourses of the buyer The main problem concerning the civil law recourse of the buyer of an inauthentic piece of art or antiquity at an auction is that according to the nature of an auction, basically there is no contractual link between the auctioneer and the buyer. There is a contract between the seller and the auctioneer (agency, contract of services) and, once the hammer has fallen, there is a contract between the seller and the buyer. The principle is, that there is NO contractual relation between auctioneer and buyer. Some years ago one might have said confidently that, fraud or special contract set aside, the ...
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