Weisz v. Parke-Bernet Galleries
Weisz v. Parke-Bernet Galleries, 67 Misc.2d 1077 (N.Y. Civ. Ct. 1971); rev'd, 77 Misc.2d 80 (N.Y. App. Div. 1974).
In this case, a New York appellate court reversed a lower court decision and held that a buyer bears the risk that a work he/she purchases at auction may in fact be a forgery. (It should be noted that New York law was subsequently modified...