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#11
03-14-2022, 11:08 AM
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It was literally hours later....right?
The chances 1/2 a million bucks was wired to Lelands before they had a chance to even send out their invoices, is pretty low I imagine. I think it's in the bidders court to do what they want, considering the circumstances. People renege on auction winnings all the time. If auction houses hired a team of lawyers every time somebody backed out of a sale (of which they only get a commission on, while taking the financial risk of the entire transaction), they'd all be broke right now. I assume it's written in all auction terms for consignors, that non-paying bidders and other complications may arise, which can negate the final result of an auction lot. 
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