§ 25 — Records to be kept by auctioneers

New York § 25

• Jurisdiction: New York
• Law GBS: General Business
• Art. 3: Auctions and Auctioneers

Text

§ 25. Records to be kept by auctioneers. Every auctioneer or person\nengaged in the business of selling goods at auction, whether acting in\nhis own behalf or as the officer, agent or representative of another,\nshall, upon the receipt or acceptance by him of any goods for the\npurpose of sale at auction, and before offering the same or any part\nthereof for sale at auction, write or cause to be written in a book to\nbe kept by him for the purpose, the name and address of the person who\nemployed him to sell such goods at auction, the name and address of the\nperson for whose benefit, behalf or account such goods are to be sold at\nauction; the name and address of the person from whom such auctioneer\nreceived or accepted such goods; the name and address of the person who\nwas the owner, the authorized agent of the owner or the consignor of\nsuch goods immediately prior to the receipt or acceptance for the\npurpose of sale at auction of the same by such auctioneer; the location,\nwith street and number, if any, of such goods immediately prior to the\nreceipt or acceptance of the same by such auctioneer for the purpose of\nsale at auction; the date of the receipt or acceptance by such\nauctioneer of such goods for the purpose of sale at auction; the place,\nwith street and number, if any, in which such goods are to be held, kept\nor stored until sold or offered for sale at auction; the place, with\nstreet and number, if any, in which such goods are to be sold or offered\nfor sale at auction; a description of such goods, the quantity thereof\nand the distinctive marks thereon, if any; the terms and conditions upon\nwhich such auctioneer receives or accepts such goods for sale at\nauction. The expression "goods" as used in this section signifies any\ngoods, wares, works of art, commodity, compound or thing, chattels,\nmerchandise or personal property which may be lawfully kept or offered\nfor sale, but shall not include goods damaged at sea or by fire and sold\nor to be sold for the benefit of the owners, insurers or for the account\nof whom it may concern or goods sold by virtue of judicial decree. The\nword "person" as used in this section includes a corporation,\njoint-stock association or copartnership. Nothing herein shall apply to\nthe sale of real property at auction. The foregoing records shall be in\naddition to any other records required to be kept pursuant to the\nuniform commercial code.\n