Massachusetts Lawyers Weekly wrote an article on the case of a rock ‘n’ roll and pop memorabilia collector Peter Slingluff, who consigned two of his Michael Jackson art pieces to an pop-culture themed auction house for 40,000 dollars. It was later discovered that the auction house, Gotta Have Rock and Roll, actually flipped and sold his items for higher profit a year later.
Our art and museum attorney Peter J. Caruso, when asked about the case, stated “Detailed written consignment agreements should be requested and reviewed closely, and as many contingencies as possible need to be anticipated. Sellers sometimes don’t pay attention to anything else, except the gold at the end of the rainbow.”
Click here to read the full quote and article.