The New York Auction House Bond is required by the City of New York, Department of Consumer Affairs. The bond amount is set at $2,000. Any business that engages in auctioneering, selling at auction, must first have an Auction House License.
The bond ensures that the bondholder will comply with the terms and conditions of the license. In addition, they shall obey and conform to the laws of the State of New York.
What are the requirements in order to get an Auction House license?
Before you file your application for an Auction House license, you must first obtain the applicable business certificate. This will depend on your business’s legal structure.
When you file your application with the Department of Consumer Affairs, online or in person, include the following:
- Completed application form
- Sales Tax Identification Number or Certification of Authority Application Confirmation Number
- Child Support Certification form, if applicable
- Granting Authority to Act Affirmation, if applicable
- Fingerprints and Processing fee
- License fee
- The license term is two years
Why should I get my New York Auction House Bond from Surety1?
Surety1 has access to the best surety markets available. We will get you bonded quickly and at the best possible price. First, complete our free online application form. Next, one of our surety agents will contact you with a no-obligation quote on the bond premium. When you’re ready to move forward, we will collect payment and have you sign any necessary paperwork. After that, your New York Auction House Bond will be mailed by USPS Priority Mail. Overnight is available for an additional fee.
Surety1 has been issuing bonds in New York since 2003. We are rated A+ by the Better Business Bureau for our outstanding service.
Call us toll free at 877-654-2327. We have live surety bond agents available Monday – Friday, 8:00 – 4:30 PST. We’re glad to help.