ANN: New York City changes its rules for the art auction market, lowering requirements for transparency

Phillips Global Headquarters at 432 Park Avenue, NYC (Photo: Phillips)


Artnet News recently reported on a change in New York City’s rules for the art auction market. The new rules, which lower some requirements for transparency, could become defining for the auction market worldwide – but it remains to be seen how these changes affect future practice.

See: news.artnet.com/market/surprise-move-new-york-city-wipes-licensing-requirements-major-auction-houses-2108162.