Wisconsin Legislature: ATCP 117.25(3)(a)1.

i. Produced on paper of a type different from the work.

ii. Exhibiting minor variations in size, color or image.

iii. Designated as a proof, artist's copy, sample or part of a numbered or unnumbered series.

iv. Containing the image of the work.

v. Consisting of a portion of the image represented by the work.

(b) The following is a complete itemization of all works contained in this limited edition:
____________________________________________________________________________________________________________________________________________________________________________________________________________

6. Identifying numbers or markings: ________________

7. I understand that this work of art will be offered for sale at a price in excess of $800.

8. This work of art displays:

(a) The authentic signature of the artist.
Yes _____ No _____ Not certified_____

(b) Authentic identifying numbers or other markings.
Yes _____ No _____ Not certified _____

Signed: __________________________________________
(Supplier's authorized representative)

Date: ________________________"

ATCP 117.20 History History: Cr. Register, August, 1990, No. 416, eff. 9-1-90; correction in (2) made under s. 13.93 (2m) (b) 6., Stats., Register, March, 1999, No. 519.

ATCP 117.25 ATCP 117.25 Records.

ATCP 117.25(1) (1) General record keeping.

ATCP 117.25(1)(a)(a) If an art dealer sells any work of multiple art for more than $300, the dealer shall retain records identifying the work, the date of sale, the sale price and the buyer's name and address.

ATCP 117.25(1)(b) (b) If an art dealer sells any work of multiple art for more than $300 and the dealer purchased the work on or after September 1, 1990, in addition to the records required under par. (a) the dealer shall retain records identifying:

ATCP 117.25(1)(b)1. 1. The date of purchase from the supplier and the supplier's name and address.

ATCP 117.25(1)(b)2. 2. The supplier's selling price or the terms of consignment or exchange.

ATCP 117.25(2) (2) Record keeping for investment art.

ATCP 117.25(2)(a)(a) If an art dealer sells any work of investment art, the dealer shall retain all of the following:

ATCP 117.25(2)(a)1. 1. All the records required under sub. (1).

ATCP 117.25(2)(a)2. 2. A copy of the disclosure and warranty statement.

ATCP 117.25(2)(a)3. 3. All records, including invoices, that disclose the date of purchase from the supplier, the supplier's name and address and the supplier's selling price or the terms of consignment or exchange. If the art dealer purchased the work before September 1, 1990 and does not have the records required under this subdivision, the dealer shall retain a declaration setting forth the same information.

ATCP 117.25(2)(b) (b) If an art dealer sells any work of investment art and the dealer purchased the work on or after September 1, 1990, in addition to the records required under par. (a) the dealer shall retain a copy of the supplier's declaration.

ATCP 117.25(3) (3) Retention periods.

ATCP 117.25(3)(a)(a)

ATCP 117.25(3)(a)1.1. Except as provided in subd. 2., art dealers shall retain records required under this section for 3 years following the date of sale to a buyer.

ATCP 117.25(3)(a)2. 2. Art dealers shall retain copies of completed supplier's declarations and disclosure and warranty statements, including statements related to canceled transactions, for 5 years following the date of sale to a buyer.

ATCP 117.25(3)(b) (b) Suppliers shall retain copies of completed supplier's declarations for 5 years following the date of sale to an art dealer.

ATCP 117.25 History History: Cr. Register, August, 1990, No. 416, eff. 9-1-90.