North Carolina Statutes

Chapter 25C Sales of Artwork

Article 1 - Artwork on Consignment.

• § 25C-1   Definitions
  As used in this Article unless the context clearly requires otherwise: (1) "Art dealer" means an individual, partnership, firm, association, or corporation that undertakes to...
• § 25C-2   Interest of art dealer who accepts works of fine art on consignment
  If an art dealer accepts a work of fine art on a fee, commission, or other compensation basis on consignment from the artist: (1) The...
• § 25C-3   Status of works of fine art subsequently purchased by art dealer for his own account
  Notwithstanding the subsequent purchase of a work of fine art by the art dealer directly or indirectly for the art dealer's own account, a work...
• § 25C-4   Creditors of art dealer may not reach works of fine art on consignment with art dealer
  Property that is bailment property under this Article is not subject to the claims, liens, or security interests of the creditors of an art dealer....
• § 25C-5   Risk of loss; insurable interest
  Nothing in this Article shall affect any provision of law pertaining to the risk of loss between or among the parties to a consignment agreement...
• § 25C-6 through 25C-9   Reserved for future codification purposes

Article 2 - Sale of Prints.

• § 25C-10   Definitions
  As used in this Article, the term: (1) "Artist" means any person who created or who conceived of and approved: a. The master image of...
• § 25C-11   General prohibitions
  (a) An art dealer may not publish in or distribute in, into or from, this State any catalog, prospectus, circular, advertisement or other publication which...
• § 25C-12   Sale by artist; consignments
  (a) The disclosure requirements of this Article do not apply to a sale of a print by the artist who produced the print, directly to...
• § 25C-13   Warranties
  (a) Whenever an art dealer discloses information as required by G.S. 25C‑11, such information shall be a part of the basis of the bargain and...
• § 25C-14   Disclosure requirements
  (a) An art dealer who sells or offers to sell a print not exempt under G.S. 25C‑16, shall disclose the following information in a writing...
• § 25C-15   Rights and liabilities not inclusive
  (a) An art dealer who sells a print in violation of this Article shall be liable to the purchaser of the print; the purchaser shall...
• § 25C-16   Exemptions
  (a) This Article shall not apply to any print when offered for sale or sold at wholesale or retail for one hundred dollars ($100.00) or...