Attn Consignors to Auction Houses

[thecatspajamas]

Originally Posted by Shoeless Moe

and...........2 months may not sound like a lot to some, but you need to take in account first the consignor sends their item in 2 months (give or take) before the auction starts, then the auction could run for almost a month. Then another 2 months before paid.

You could be talking almost 1/2 of a year (6 months), the whole process.

Thus, the back-end thus needs to be shortened.

Besides your math being terrible, it sounds like selling via auction house may not be the best route for you with turnaround time from acquisition to cash-out being such a high priority for your flipping endeavors. Or at least you need to read the fine print on the front end rather than publicly griping on the back end when you get exactly what you signed up for. Any negotiation of terms should be done on the front end, whether with Heritage or any other auction house or reseller. By you agreeing to a specific time to payout on the front end, and then complaining about it and trying to get it changed after-the-fact, I have a hard time finding sympathy for anyone other than the Heritage rep in this case.