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Posted By: davidcycleback

Duly note that the auction houses don't own any of the consignments, and the consignments are not part of their assets. The consignor then the winner own the consignments. If the government seizes a for-a-fee downtown parking lot, the parking lot doesn't own the cars parked there and the government would allow car owners to take their cars.

If the government seizes a consignment auction house, it knows the consignments are going to have to be returned to the owners.