38 days after auction and waiting for check.

[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!

[srs1a]

Quote:
Originally Posted by srs1a View Post
$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.

Wow, my eyes are bad...smaller cheese....patience probably the better path

[Sean1125]

This is why, in my opinion, it is better to sell to competitive-paying dealers at times.

You get payment the second the deal is done. Typically with the 20% juice auction houses charge the spread you will encounter can be under 10-15%. Would it have been worth it to have pocketed $4200 in one day, or wait + get stressed over this amount of time from the auction house?

I guess the thrill of auction adds to it, but I view it as a risk rather than thrill.

Just my two cents.

[bobbyw8469]

I guess the thrill of auction adds to it, but I view it as a risk rather than thrill.

Touche Sean! I can't tell you how many times I have run auctions on Ebay, only to see the final selling price be less than what I could have gotten had I shipped the card off to All Star Cards, if it is one of the cards on their BUY LIST! And NO FEES!!! I have kicked myself in the butt soooooo many times. I guess I still do it for the HOPE that two people will bid the card to what it really should be. When it sells for below wholesale though.....OUCH!!!

[Mikehealer]

I once waited 5 months for a consignment check, about $4K. I didn't think it was that big of a deal. That said, I had done business with them before, so I wasn't worried about getting paid.

[bigfanNY]

Thank you to all who participated in this tread pro and con. The Auction House contacted me and promised a check tomorrow. my sincerest thanks to all of the Net54 community. At the very least the Auction House was willing to look at this from a customers viewpoint.
Regards
Jonathan

[Peter_Spaeth]

Originally Posted by bigfanNY

Thank you to all who participated in this tread pro and con. The Auction House contacted me and promised a check tomorrow. my sincerest thanks to all of the Net54 community. At the very least the Auction House was willing to look at this from a customers viewpoint.
Regards
Jonathan

And now you won't name them presumably. Well this was informative.

[ValKehl]

Originally Posted by bigfanNY

Thank you to all who participated in this tread pro and con. The Auction House contacted me and promised a check tomorrow. my sincerest thanks to all of the Net54 community. At the very least the Auction House was willing to look at this from a customers viewpoint.
Regards
Jonathan

Jonathan, I assume the AH president has been reading this thread and is now striving to do "damage control."
Val

[Cardboard Junkie]

Whaaaaat?

[sando69]

just out of curiosity, have you agreed NOT to divulge the auction house that you started this thread about, if they pay you immediately?
just wondering.......