Quote:
Originally Posted by Exhibitman
My experience with heritage has been that they pay consignors on day 45 exactly. If they want payment net 14 I guess they plan on taking a thirty day loan interest free from consignors.
|
Heritage, and all auction houses, need some time between receiving payment and then paying the consigners, to make sure there isn't a problem with the item itself. For instance, if a jersey is sold as an all original 1955 Cardinals home flannel, but the buyer, when he receives it, notices the zipper hasp is plastic rather than metal and insists on a return, a reputable AH will allow that (and apologize sincerely for the mistake.)
As far as Heritage, twice they've shipped my winnings to me before receiving my payment, which I thought was pretty nice. I'm not a big spender but I participate and bid regularly with them.