New York City says no need to publicise lot guarantees

16 May 2022

Auction houses will no longer be legally required to publicise guarantees on artworks sold in New York City when a repeal of business regulations goes ahead next month.

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Sotheby’s guarantee $500m Alfred Taubman collection

07 September 2015

The collection of the late A Alfred Taubman is to be offered in a series of sales in New York, starting this autumn.

Insurance firm offer auction guarantees

29 May 2012

A new insurance company are trying to plug what they see as a gap in the market for auction guarantees between $10,000 and $1.5m.

Art Auction Guarantee: how it works

29 May 2012

ATG posed a number of questions to Art Auction Guarantee. Here is a summary.

Concern grows over scrapping of cheque guarantee

28 March 2011

THERE is growing concern in the art and antiques trade about the termination of the cheque guarantee system this summer.


Claim reveals terms offered to top seller

20 April 2009

More details have emerged regarding the ‘breach-of-contract’ lawsuit which claims that Christie’s backed out of a $40m guarantee made to secure a Francis Bacon self-portrait for sale.

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Court case may force auction houses to review guarantees

14 April 2009

A LEGAL dispute in the US Federal court over auction guarantees could lead to a tightening of the terms and conditions under which they are issued.

Is it goodbye to the guarantee?

19 January 2009

SOTHEBY’S and Christie’s have all but abandoned guarantees for lots at auction. When asked their policy for the coming year, the salerooms said that they were almost entirely eliminating the practice, although they did not rule out using it completely.

Brooks attacks guarantees and calls for auction reform

19 November 2007

Bonhams chairman Robert Brooks has issued a public statement taking a strong stand against the guarantee system following the November art sales in New York and London.

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