Mastro consignors not paid yet?

[Jim VB]

Adam,

I'll bet it's not as simple as that. What if these so called "dead-beat renegers" were also consigners. They may owe Mastro for lots won (which should have never been shipped) but they may fear that if they pay for their winnings and Mastro defaults, they won't be paid for the lots they sold. They may be looking for a way to net out the balances owd and due.

There was only one time that I consigned some things in an auction and won some things in the same auction. Because I trusted the auctioneer, I did not ask them to net out my balance. I wrote a check for my winnings and waited (a short period of time) for them to cut me a check. But the amounts were relatively small, both ways. I might have felt differently had the dollars been in the hundreds of thousands and the rumors been flying that the auction company was on shaky ground.