Wisconsin Administrative Code
Department of Agriculture, Trade and Consumer Protection
ATCP 90-139 - Trade and Consumer Protection
Chapter ATCP 117 - Art prints and multiple art; sales practices
Section ATCP 117.05 - Definitions
Current through August 26, 2024
In this chapter:
(1) "Art dealer" means either of the following:
(2) "Buyer" means any person, other than an art dealer, who buys multiple art from an art dealer.
(3) "Department" means the department of agriculture, trade and consumer protection.
(4) "Investment art" means a work of multiple art whose price exceeds $800.
(5) "Limited edition" means the total number that will be designated as part of any "limited edition" of a work of multiple art has been established, in a manner that binds all further production, by a person who can control production of the limited edition. The total number designated as being within the "limited edition" shall consist of every original and copy of the work which is identified or will be identified as being part of a "limited edition", including any original or copy:
(6) "Mail" includes public or private mail or parcel service.
(7) "Market value" means the price at which a work of multiple art could be sold in a bona fide transaction for investment or asset preservation purposes to an expert utilizing generally accepted appraisal criteria and acting on behalf of a retail buyer. "Market value" excludes the bona fide retail value of framing and mounting.
(8) "Master" means the plate, stone, block, screen, mold, photographic negative or similar matrix containing the image used to produce a work of multiple art.
(9) "Multiple art" means a print, sculpture, bas relief, etching or other work of visual art, excluding motion pictures or video, produced from a master in quantities of 2 or more.
(10) "Original" means a work of multiple art meeting each of the following conditions:
(11) "Photomechanical reproduction" means a work of multiple art whose production involved, at any stage, the use of photographic or electronic procedures.
(12)
(13) "Sell" includes the consignment or exchange of a work of multiple art.
(14) "Signed" means the actual hand signature of the artist, affixed to a work of multiple art. "Signed" does not include any reproduction of the artist's signature or a signature made by any person other than the artist, whether authorized or not.
(15) "Supplier" means a person who sells a work of multiple art to an art dealer.
(16) "Telephone" includes any electronic transfer of data, including telex, cellular, facsimile and modem transmissions.