The New York Court of Appeals reversed a decision that could have forced auction houses to reveal the identities of consignors. The original ruling was made by the Appellate Division of the New York Supreme Court in 2012 and declared that state law required that buyers be allowed to know the names of sellers in post-auction paperwork in order for the sale to be considered official.
The ruling stems from a lawsuit filed against New York auctioneer William J. Jenack. After Jenack sold a Russian antique in 2008, the buyer refused to pay, claiming that the post-sale documentation had not identified the seller. The ruling on Tuesday, December 17, stated that Jenack had provided sufficient information to the buyer for the sale to be considered binding.
