The Legal System of Art Auction in China

This book is the first to build a legal framework for Chinese art auctions based on agency theory in traditional contract law. It explores the legal ties between clients, auctioneers, and buyers, identifies the responsibilities of auctioneers, and proposes ways to prevent them from breaching these responsibilities. It also discusses how public power should intervene in the art auction process.

Format: Paperback / softback
Length: 183 pages
Publication date: 23 February 2023
Publisher: Springer Verlag, Singapore

This groundbreaking book is a pioneering effort in comprehensively and intricately explaining and constructing the legal framework of Chinese art auctions. Drawing upon the principles of agency theory in traditional contract law, it delves into the intricate legal relationship between clients, auctioneers, and buyers. With a specific focus on the challenging task of art identification, the book sheds light on the obligations that auctioneers must fulfill and the common strategies employed to evade these responsibilities. The primary objective of this invaluable resource is to alleviate the current imbalance between the interests of buyers and auctioneers, thereby expediting the legalization process of art auctions in China. Moreover, through the application of the policy demonstration method, the book explores the appropriate role of public power in the realm of art auctions. This comprehensive and insightful exploration of the legal system of art auctions in China is a testament to the author's expertise and dedication to the field. It is an essential read for anyone interested in understanding the complexities and dynamics of this rapidly evolving industry.

Weight: 308g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811901300
Edition number: 1st ed. 2022