TITLE XII U.K. SPECIAL SCHEMES

CHAPTER 4 U.K. Special arrangements for second-hand goods, works of art, collectors' items and antiques

Section 3 U.K. Special arrangements for sales by public auction

Article 337 U.K.

The net amount paid or to be paid by the organiser of the sale by public auction to his principal shall be equal to the difference between the auction price of the goods and the amount of the commission obtained or to be obtained by the organiser of the sale by public auction from his principal pursuant to the contract under which commission is payable on the sale.