Art sales and auctions both require contracts. We recommend having all of the following agreements in writing: those between 1) buyers and sellers in the case of a direct sale, 2) auction houses and sellers, and 3) auction houses and buyers. Sometimes additional agreements with brokers or other party representatives are also necessary. These contracts may seem intuitive and basic, but you will be glad you have them should there be any dispute as to ownership, money paid, money owed, authenticity, and moral rights.
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