The reserve price is the minimum price agreed with the seller below which the property may not be sold. If the property has been estimated, this price may not be set higher than the lowest estimate appearing in the advertisement, or publicly announced by the person conducting the sale and recorded in the minutes. Article L. 442-5 is applicable to any seller who habitually resells new goods in their original…
An operator of voluntary sales of movable property by public auction mentioned in Article L. 321-4 may guarantee the seller a minimum auction price for the property offered for sale. If the property has been estimated, this price may not be set at an amount higher than the lowest estimate mentioned in article L. 321-11. If the guaranteed minimum bid price is not reached at the auction, the operator is…
An operator of voluntary sales of movable property by public auction mentioned in article L. 321-4 may grant the seller an advance on the auction price of the property offered for sale.
The operators of voluntary sales of furniture by public auction mentioned in Article L. 321-4 are liable to the seller and the buyer for the representation of the price and the delivery of the goods for which they have conducted the sale. Any clause that seeks to exclude or limit their liability is deemed to be unwritten. The auctioned goods may only be delivered to the buyer when the operator…
I.-It is punishable by two years’ imprisonment and a fine of 375,000 euros to carry out or cause to be carried out one or more voluntary sales of furniture by public auction: 1° If the operator organising the sale has not made the prior declaration provided for in Article L. 321-4 or is subject to a temporary or permanent ban on carrying out the activity of voluntary sales of furniture…
The operators of voluntary sales of furniture by public auction mentioned in Article L. 321-4 and the public or ministerial officers competent to carry out judicial and voluntary sales, as well as the experts who assist them in the description, presentation and valuation of goods, incur liability during or on the occasion of auctions and sales of furniture by public auction, in accordance with the rules applicable to such sales….
A regulatory authority known as the “Conseil des maisons de vente” is hereby established. The Conseil des maisons de vente, a public utility establishment with legal personality, is responsible for: 1° Observing the economy of the public auction sector; 2° Determining and disseminating good professional practices and formulating recommendations with regard to voluntary sales of furniture by public auction; 3° Supporting and promoting the quality and safety of voluntary sales…
The Conseil des maisons de vente is financed by the payment of professional fees paid by the persons mentioned in I and II of article L. 321-4 and based on the amount of gross fees received during the previous year for sales organised or carried out on national territory. The amount of these contributions is set every three years by order of the Minister of Justice, after consulting the Conseil…
The Conseil des maisons de vente shall inform the Chambre nationale des commissaires de justice, the Conseil supérieur du notariat and the Conseil national des courtiers de marchandises assermentés of the facts committed which have been brought to its attention and which infringe the regulations governing voluntary sales of furniture by public auction. The Chambre nationale des commissaires de justice, the Conseil supérieur du notariat and the Conseil national des…
I.-The college of the Conseil des maisons de vente comprises: 1° Six representatives, elected in accordance with procedures laid down by decree by the Conseil d’Etat, from among the persons mentioned in I or 3° of II of article L. 321-4, including : a) Three leading figures practising in the Ile-de-France region; b) Three leading figures practising outside the Ile-de-France region; 2° Two leading figures appointed by the Minister of…
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75001, Paris France
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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