The Sale of Misattributed Artworks and Antiques at Auction

The Sale of Misattributed Artworks and Antiques at Auction

Anne L. Bandle

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.

Chapter 7: Comparative analysis

Anne L. Bandle

Subjects: law - academic, arbitration and dispute resolution, commercial law, law of obligations, private international law, law -professional, commercial law


The analysis in this chapter focuses on the results of the foregoing research in a comparative approach. Interestingly, in all three jurisdictions, the legal relationships arising at an auction sale are subject to controversy. Such controversy is mainly due to a divergence between the wording of the contractual terms and conditions of sale versus the factual situation actually present at the time of sale. Section 1 examines the controversial aspects of legal relationships that arise in the sale of sleepers at auction –that is, within the parties to the sale contract and the auctioneer’s dual representation. In Section 2, the analysis centres on the difficulties in assessing diligence, particularly the challenges posed by standards the courts have established and refer to when assessing the auctioneer’s diligence.

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