GARDINER, Maine — State regulators have revoked the license of a well-known Maine auctioneer following an investigation into his auction business.
The Department of Professional and Financial Regulation announced Wednesday that it had revoked James Cyr’s license and fined him $4,500. Cyr is the operator of Cyr Auction Co. in Gray.
Officials say Cyr failed to account for a person’s property in his possession, failed to return money and unsold property in a timely fashion, and auctioned property without a written contract. They say he was the subject of past disciplinary action in 2003, 2005, 2006, 2007 and 2008.
Cyr says he didn’t appear before the hearing because he wasn’t properly notified. He says all problems were resolved to his client’s satisfaction and the business will continue utilizing other auctioneers.