1. The auctioneer undertaking the sale by public auction shall keep a specific book in Arabic or regular entries where he shall enter all the items intended for sale, the initial estimate of their value and names of those requesting sale. The appraisal expert shall further affix on the goods offered for sale labels whose numbers shall be entered in the said book and shall further register therein the outcome of each sale. 2. Any person who violates the provisions of Clause (1) above shall be penalized by a fine not exceeding (AED 20,000) twenty thousand dirhams. In case of recidivism, the fine shall not exceed (AED 40,000) forty thousand dirhams, without prejudice to any severer penalty or disciplinary sanction provided in the resolutions governing the profession of auctioneers.
Interpretation and application must be checked against the official text and current version.