Section 15.01. Full disclosure in the sale of certain visual art objects produced in multiples

1. An art merchant shall not sell  or  consign  a  multiple  in,  into  or  from  this state unless a written instrument is
  furnished to the purchaser or consignee, at his request, or in any event
  prior to a sale or consignment, which sets forth as to each multiple the
  descriptive information required by this  article  for  the  appropriate
  time  period.  If  a  prospective purchaser so requests, the information
  shall be transmitted to him prior to the payment or placing of an  order
  for  a  multiple. If payment is made by a purchaser prior to delivery of
  such an art multiple, this information shall be supplied at the time  of
  or  prior to delivery. With respect to auctions, this information may be
  furnished in catalogues or other written  materials  which  are  readily
  available  for  consultation and purchase prior to sale, provided that a
  bill of sale, receipt or invoice  describing  the  transaction  is  then
  provided  which makes reference to the catalogue and lot number in which
  such information is supplied.  Information  supplied  pursuant  to  this
  subdivision  shall  be clearly, specifically and distinctly addressed to
  each item as required by this article for any  time  period  unless  the
  required   data  is  not  applicable.  This  section  is  applicable  to
  transactions  by  and  between  merchants,  non-merchants,  and   others
  considered art merchants for the purposes of this article.
    2.  An  art merchant shall not cause a catalogue, prospectus, flyer or
  other written material or advertisement to be distributed  in,  into  or
  from this state which solicits a direct sale, by inviting transmittal of
  payment  for a specific multiple, unless it clearly sets forth, in close
  physical proximity to the place in such material where the  multiple  is
  described,  the descriptive information required by this article for the
  appropriate time period. In lieu  of  this  required  information,  such
  written  material or advertising may set forth the material contained in
  the following quoted passage, or the passage  itself,  containing  terms
  the nonobservance of which shall constitute a violation of this article,
  if  the  art merchant then supplies the required information prior to or
  with delivery of the multiple:
    "Article fifteen of  the  New  York  arts  and  cultural  affairs  law
  provides  for  disclosure  in  writing of certain information concerning
  multiples of prints and photographs when sold for more than one  hundred
  dollars  ($100) each, exclusive of any frame, and of sculpture when sold
  for more than fifteen hundred dollars, prior  to  effecting  a  sale  of
  them.  This  law  requires disclosure of such matters as the identity of
  the artist, the artist's signature, the medium, whether the multiple  is
  a  reproduction,  the  time  when  the multiple was produced, use of the
  master which produced the multiple, and the number  of  multiples  in  a
  'limited   edition'.   If  a  prospective  purchaser  so  requests,  the
  information shall be transmitted to him prior to payment or the  placing
  of  an  order for a multiple. If payment is made by a purchaser prior to
  delivery of such an art multiple, this information will be  supplied  at
  the  time  of  or  prior  to  delivery,  in  which case the purchaser is
  entitled to a refund if, for reasons related to matter contained in such
  information, he returns the multiple substantially in the  condition  in
  which  received,  within  thirty  days  of receiving it. In addition, if
  after payment and delivery,  it  is  ascertained  that  the  information
  provided   is  incorrect  the  purchaser  may  be  entitled  to  certain
  remedies."   This requirement  is  not  applicable  to  general  written
  material  or  advertising which does not constitute an offer to effect a
  specific sale.
    3. In each place of business in the state where  an  art  merchant  is
  regularly  engaged in sales of multiples, the art merchant shall post in

  a conspicuous place, a sign which, in a  legible  format,  contains  the
  information included in the following passage:
    "Article  fifteen  of  the  New  York  arts  and  cultural affairs law
  provides for the disclosure in writing of certain information concerning
  prints, photographs and sculpture. This information is available to  you
  in accordance with that law."