More bad news for Mastro

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Posted By: marshall barkman

Jeff....you are 100% correct about your statement in regards to auction houses holding the cash. Milehigh set a record of over 2 million dollars so if they do not pay cosignors for 30 to 60 days then the money can be earning interest with the cash. I had to basically get on the phone and raise holy hell to get paid after waiting for two months with no payment. These auction houses always have excuses and anyone who has intelligence knows it is BS. The two antique auction houses i deal with are major ones but i have a special contract that has a clause about payment, when the auction house is paid then i get paid. Most folks want their items right away and pay for the things as soon as the auction closes.