Crazy uncles

[CJDave]

Originally Posted by Yoda

Dave, I'm fascinated by this development. To state the obvious: Does this mean CU held an illegal auction in NY State? I bet the DA of the Southern District would get more of a reaction from them than this board has managed.

I guess I will ask if there are any attorneys or Auction Houses on this thread. The question to you is......if an auction house is registered in the State of Delaware but only has offices in the State of NY, are they required to be licensed in the State of NY to run an online auction?

[scgaynor]

Originally Posted by CJDave

I guess I will ask if there are any attorneys or Auction Houses on this thread. The question to you is......if an auction house is registered in the State of Delaware but only has offices in the State of NY, are they required to be licensed in the State of NY to run an online auction?

Yes, if the auction took place in NY City, they would have to use an auctioneer that is licensed in NY City. I am licensed in Massachusetts, if I were to do one in NYC, I would need to hire somebody local.

If their main address for business is NYC, you might be able to make that argument that they did an unlicensed auction. I don't know how much that helps you even if they did. That is a question for an attorney.

[painthistorian]

With so many good auction houses available that have a track record, why would anyone consign to this loser outfit????