38 days after auction and waiting for check.

[glynparson]

days and you are paid within 60 days I fail to see what you are complaining about at day 38? Just my opinion. (Now if he is literally trying to flip your money on deals that is wrong, because it puts your money at risk) but if you get paid in the contractually obligated time and its just cause he makes sure all monies clear, and is maybe a little lazy, I don't understand your gripe? It's his choice to extend a buyer extra time as long as you still get paid by the 60 days you agreed upon in my opinion.

[wonkaticket]

I agree if you signed an agreement that is 60 day terms then I wouldn't start crying the blues till day 68 vs. 38...

As far as using your money to run their business...try selling any major retailer today your goods...welcome to the club.

[srs1a]

$47K is a lot of cheese. If the contract says 60 days, so be it. However, I don't think that says that the AH has a free pass to ignore the consignor. If they have a whale on the hook that can't (or won't) cough up, why not write a check for a partial amount to the consignor? My instinct says strike a proper balance between consignor and buyer and you won't get posts like this on public message boards.

[Cardboard Junkie]

Prolly a good idea not to call a consignor an "idiot" too.

[MyGuyTy]

Originally Posted by Cardboard Junkie

Prolly a good idea not to call a consignor an "idiot" too.

Yeah pretty much what I was thinking too, that just screams unprofessionalism. Even if the OP called him a prick, you can't engage in degrading your consignors/clients........Smart Business 101.

[wonkaticket]

Originally Posted by MyGuyTy

Yeah pretty much what I was thinking too, that just screams unprofessionalism. Even if the OP called him a prick, you can't engage in degrading your consignors/clients........Smart Business 101.

I would agree but this is the baseball card business so what's new.

[MyGuyTy]

Originally Posted by wonkaticket

I would agree but this is the baseball card business so what's new.

I know right, sad but true.

[Rob D.]

Originally Posted by srs1a

$47K is a lot of cheese. If the contract says 60 days, so be it. However, I don't think that says that the AH has a free pass to ignore the consignor. If they have a whale on the hook that can't (or won't) cough up, why not write a check for a partial amount to the consignor? My instinct says strike a proper balance between consignor and buyer and you won't get posts like this on public message boards.

For the sake of accuracy, according to the OP, the amount is $4,700, not $47,000.

[Cardboard Junkie]

I think it's wrong for an AH to extend credit to one/some and not others.

[Peter_Spaeth]

The OP doesn't have a LEGAL claim but that doesn't mean he doesn't have a right to be pissed off.

[I Only Smoke 4 the Cards]

Originally Posted by Cardboard Junkie

I think it's wrong for an AH to extend credit to one/some and not others.

Fair? probably not

[3-2-count]

Originally Posted by Cardboard Junkie

I think it's wrong for an AH to extend credit to one/some and not others.

Believe me, this is the least we should be worrying about when it comes to how many of these AH's run their business. Wrong? Sure! Top of the list? Not even close.

[Cardboard Junkie]

What's sad is that when the AH name is revealed....there is a dozen or more it could be that wouldn't surprise me.

[Wite3]

While the original poster strolls down Memory Lane on a Hunt for his Legendary money hoping that the money comes before he leaves it as a Heritage for his children, we all sit watching our bids climb a Mile High hoping for a Good-win and a Clean Sweep in the next auction.

[3-2-count]

Very clever Joshua. Very clever indeed!

[foxxfan]

As the Managing Partner of an auction house I do run into this situation from time to time. One of our two auctions each year takes place in early November. We often have museums that are winning bidders and often they have to wait until the first of the year to access funding. If we extend buyers terms beyond our consignor payment terms (45 days) then we take the risk of getting paid. We pay out the consignor on time and then wait for payment from the buyer.

I think if the consignor agrees to 60 days they really can't complain at day 38. That being said it's never appropriate to call a consignor an idiot.

Jeff

[eliminator]

I operate a successful residential construction business that is focused on customer satisfaction. I find it very common and irritating when I deal with a business that is unprofessional. It seems to happen more times than not.

You should have received email responses within 24 hours. You should have been brought into the loop about the auction house extending short term financing terms (even if they are holding the merchandise). I think they are stretching the purpose of the sixty day clause for their benefit.

The auction house knew the seller would be upset and did not respond to the seller hoping the buyer's check would show up. BAD WAY TO CONDUCT YOUR BUSINESS PERIOD!

[ValKehl]

Originally Posted by Wite3

While the original poster strolls down Memory Lane on a Hunt for his Legendary money hoping that the money comes before he leaves it as a Heritage for his children, we all sit watching our bids climb a Mile High hoping for a Good-win and a Clean Sweep in the next auction.

Joshua, this is priceless - I'm still laughing 10 minutes after I first read your post!
Val