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#11
02-20-2011, 01:15 PM
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They would essentially be on the hook for nearly double what the card initially sold for
Not sure what kind of math you are using. They charge buyers 12.5% and do not charge sellers. They would refund to the auction winner what he paid. They would give up the 12.5% the made before and, at worst, lose what the card sold for. But, since auction checks typically don't go out for almost a month after the auction ends they would still have not paid the consignor so it would not be an issue. If the auction winner informed B&L that there was a question with the lot they would withhold consignor payment until the issue was resolved. 
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