New York Consolidated Laws, Civil Practice Law and Rules - CVP § 2702. Sale of property

On motion of any party, the court may order the sale, in such manner and on such terms as it deems proper, of any personal property capable of delivery which is the subject of the action if it shall appear likely that its value will be substantially decreased during the pendency of the action.  Any party to the action may purchase such property at a judicially-directed sale held pursuant to this section without prejudice to his claim.