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The glamour and mystery of the art auction, gathering interested
buyers from across the globe, makes it one of the most fascinating
marketplaces in existence. 'Sleepers', artworks or antiques that
have been undervalued and mislabelled due to an expert's oversight
and consequently undersold, appear regularly. This fascinating new
book provides the first extensive study of the phenomenon of
sleepers through an in-depth analysis of the contractual
relationships, liability and remedies that arise in the context of
auction sales. The Sale of Misattributed Artworks and Antiques at
Auction begins with examination of the creation of sleepers and the
process of attribution of artworks and antiques at auction. This is
followed by a comparative analysis of the law governing
auctioneer's liability in Switzerland, England and the United
States and a critical assessment of the risks and drawbacks of the
current practical and legal regime. The book concludes with an
original and pragmatic solution to the challenge of addressing and
settling sleeper disputes at auction, including model terms that
auction houses can directly adopt in their business terms. This
insightful new book will be of interest to lawyers, auction houses
and anyone involved in the authentication or sale of artworks. It
will also provide a valuable resource for academics and students in
law, anthropology and arts.
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