38 days after auction and waiting for check.

[markf31]

Originally Posted by Leon

Would also be interesting to ask the OP of this thread if he is banned from bidding with any auction house, and if so, why?

Along a similar vein and while I'm not expecting this, it would be interesting to hear the other side's story, to know the exchange of words from the other side of the discussion.

[packs]

Even with a contractural agreement in place, it should not be too hard to understand the seller's frustration if you are the auction house. A lot of collectors sell their cards because they need to finance another aspect of their life. So it should not be too difficult to understand that a seller is counting on the money that is being held.

I don't see why an auction house can't advance funds after a certain period of time. If they are awaiting payment from some priviledged bidder that they have extended special financing to, why would they be worried about covering the price for the bidder and expediting payment to the seller?

[markf31]

Originally Posted by packs

Even with a contractural agreement in place, it should not be too hard to understand the seller's frustration if you are the auction house. A lot of collectors sell their cards because they need to finance another aspect of their life. So it should not be too difficult to understand that a seller is counting on the money that is being held.

I don't see why an auction house can't advance funds after a certain period of time. If they are awaiting payment from some priviledged bidder that they have extended special financing to, why would they be worried about covering the price for the bidder and expediting payment to the seller?

I'm sorry but I do find the seller's frustration a little hard to understand. The contract he agreed to gives the AH 60 days to pay. If the OP didn't like the terms of his consignment, or he wanted his money quicker, he should have taken his business elsewhere. The terms the OP agreed to for consigning are independent from the terms the 3rd party (the buyer) agrees to when participating in the auction.

As to your second point, maybe because, unless the buyer has a proven on-time and clean payment record, the AH would be assuming way to much business risk in just blindly advancing a consignor's payout before even receiving the funds, let alone waiting for the funds to clear completely.

[packs]

Well that would be true of a stranger. But I would think if you're extending a financing plan like that to only certain bidders they are bidders that you trust.

[ullmandds]

I agree in that it all boils down to the contract...if it says 60 days then you have no right to get pissed off until that period has been breached.

If and when that period is breached...the AH should have to pay the consigner a penalty fee...in my opinion!

[wonkaticket]

Originally Posted by ullmandds

I agree in that it all boils down to the contract...if it says 60 days then you have no right to get pissed off until that period has been breached.

If and when that period is breached...the AH should have to pay the consigner a penalty fee...in my opinion!

Pete agree as I said above get mad at 68 not 38 days. This was just a classic I didn’t get my way so I will bounce to Net54 throw somebody under the bus hint about who. Make a huge deal piss and moan…then bingo I now got my way it’s all good please ignore this thread.

Again classic 54.

[Leon]

Originally Posted by wonkaticket

Pete agree as I said above get mad at 68 not 38 days. This was just a classic I didn’t get my way so I will bounce to Net54 throw somebody under the bus hint about who. Make a huge deal piss and moan…then bingo I now got my way it’s all good please ignore this thread.

Again classic 54.

Why classic 54? What did the board do to deserve being thrown under the bus?

[slidekellyslide]

Originally Posted by wonkaticket

Pete agree as I said above get mad at 68 not 38 days. This was just a classic I didn’t get my way so I will bounce to Net54 throw somebody under the bus hint about who. Make a huge deal piss and moan…then bingo I now got my way it’s all good please ignore this thread.

Again classic 54.

Yeah, but now he's off the birthday list.