NY Arts & Cult Aff L § 15.01 (2021)
2021 New York Laws ACA - Arts and Cultural Affairs Title C - Transactions Involving Artists and Their Works Article 15 - Sale of Visual Art Objects and Sculptures Produced in Multiples 15.01 - Full Disclosure in the Sale of Certain Visual Art Objects Produced in Multiples.

§ 15.01. Full  disclosure  in  the  sale of certain visual art objects   produced in multiples. 1. An art merchant shall not sell  or  consign  a   multiple  in,  into  or  from  this state unless a written instrument is   furnished to the purchaser or consignee, at his request, or in any event   prior to a sale or consignment, which sets forth as to each multiple the   descriptive information required by this  article  for  the  appropriate   time  period.  If  a  prospective purchaser so requests, the information   shall be transmitted to him prior to the payment or placing of an  order   for  a  multiple. If payment is made by a purchaser prior to delivery of   such an art multiple, this information shall be supplied at the time  of   or  prior to delivery. With respect to auctions, this information may be   furnished in catalogues or other written  materials  which  are  readily   available  for  consultation and purchase prior to sale, provided that a   bill of sale, receipt or invoice  describing  the  transaction  is  then   provided  which makes reference to the catalogue and lot number in which   such information is supplied.  Information  supplied  pursuant  to  this   subdivision  shall  be clearly, specifically and distinctly addressed to   each item as required by this article for any  time  period  unless  the   required   data  is  not  applicable.  This  section  is  applicable  to   transactions  by  and  between  merchants,  non-merchants,  and   others   considered art merchants for the purposes of this article.2.  An  art merchant shall not cause a catalogue, prospectus, flyer or   other written material or advertisement to be distributed  in,  into  or   from this state which solicits a direct sale, by inviting transmittal of   payment  for a specific multiple, unless it clearly sets forth, in close   physical proximity to the place in such material where the  multiple  is   described,  the descriptive information required by this article for the   appropriate time period. In lieu  of  this  required  information,  such   written  material or advertising may set forth the material contained in   the following quoted passage, or the passage  itself,  containing  terms   the nonobservance of which shall constitute a violation of this article,   if  the  art merchant then supplies the required information prior to or   with delivery of the multiple:"Article fifteen of  the  New  York  arts  and  cultural  affairs  law   provides  for  disclosure  in  writing of certain information concerning   multiples of prints and photographs when sold for more than one  hundred   dollars  ($100) each, exclusive of any frame, and of sculpture when sold   for more than fifteen hundred dollars, prior  to  effecting  a  sale  of   them.  This  law  requires disclosure of such matters as the identity of   the artist, the artist's signature, the medium, whether the multiple  is   a  reproduction,  the  time  when  the multiple was produced, use of the   master which produced the multiple, and the number  of  multiples  in  a   'limited   edition'.   If  a  prospective  purchaser  so  requests,  the   information shall be transmitted to him prior to payment or the  placing   of  an  order for a multiple. If payment is made by a purchaser prior to   delivery of such an art multiple, this information will be  supplied  at   the  time  of  or  prior  to  delivery,  in  which case the purchaser is   entitled to a refund if, for reasons related to matter contained in such   information, he returns the multiple substantially in the  condition  in   which  received,  within  thirty  days  of receiving it. In addition, if   after payment and delivery,  it  is  ascertained  that  the  information   provided   is  incorrect  the  purchaser  may  be  entitled  to  certain   remedies."This requirement is not applicable  to  general  written  material  or   advertising  which  does  not  constitute  an offer to effect a specific   sale.3. In each place of business in the state where  an  art  merchant  is   regularly  engaged in sales of multiples, the art merchant shall post in    a conspicuous place, a sign which, in a  legible  format,  contains  the   information included in the following passage:"Article  fifteen  of  the  New  York  arts  and  cultural affairs law   provides for the disclosure in writing of certain information concerning   prints, photographs and sculpture. This information is available to  you   in accordance with that law."