By Raphaël MORENON
23 March 2025
To understand auctions in their entirety, it is essential to be familiar with their principles and definitions. More specifically, sales by auction are governed by a precise legal framework. The players and procedures vary depending on whether the sale is voluntary or legal. Here is what you need to know about this special legal mechanism. 1. Authorised professionals Voluntary sales Several professionals can organise these sales: Voluntary auctioneers: They must satisfy the conditions of aptitude defined by article L. 321-4 of the French Commercial Code. Candidates must complete a two-year training course with practical and theoretical training, and then pass a final aptitude examination. The activity is subject to prior declaration to the Conseil des Maisons de Vente. Notaries: Notaries may conduct voluntary sales of movable property by public auction in municipalities where there is no judicial commissioner. This option requires specific training in...
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