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Case Summary
Nataros v. Fine Arts Gallery of Scottsdale
Nataros v. Superior Court of Maricopa County, 113 Ariz. 498 (Ariz. Sup. Ct. 1976); aff'd sub nom., Nataros v. Fine Arts Gallery of Scottsdale, Inc., 126 Ariz. 44 (Ariz. Ct. App. 1980).
Précis
In this case regarding a sale of paintings, silver, and jewelry at an auction in Arizona, the appellate court affirmed the trial court's finding that an appraisal of artworks that is approximately the same as what the works sold for at auction is not a
negligent misrepresentation
A careless or inadvertent false statement in circumstances where care should have been taken (Black’s Law Dictionary (8th ed. 2004)).
negligent misrepresentation of the works'
fair market value
The value of property on the open market involving a willing buyer and a willing seller.
fair market value, even if the resale price winds up being much lower. . . .
Associated Legal Decision(s)
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