New Mexico bill would regulate art auction houses

January 27, 2014 • State News

SANTA FE, N.M. (AP) — A bill introduced in the New Mexico Legislature would impose government oversight of art auction houses and change the way some do business.

Sen. Tim Keller’s bill would authorize the Attorney General’s Office to regulate art auctions and act on consumer complaints. It also mandates certain disclosures, such as minimum prices and whether an auction house has a financial interest in artwork being sold.

“Because there’s no statute, there’s no basis for a complaint. Unless Login to read more

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