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Case Summary

Cristallina S.A. v. Christie, Manson & Woods International

Cristallina S.A. v. Christie, Manson & Woods Int'l, 117 A.D.2d 284 (N.Y. App. Div. 1986).


In this case, a New York State appeals court held that auction houses have a fiduciary duty to their consignors, to make good-faith estimates as to value of the works to be sold. Moreover, if the auction house knowingly gives the consignor a false estimate, it could be liable for

fraud, negligent misrepresentation, and breach of contract.



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