The way auctions close?

[wolf441]

Originally Posted by Leon

Thank God for you Rick!! Everyone overlooked a potential (heck if I know for sure) solution to the problem. If anyone would care to also answer I would love to hear some views. All opinions are welcome. I am curious as a collector, resale buyer, seller, consignor, auctioneer.....need I keep going?

So if you could pay for winnings over 3-6 or more mos., would that be viable and level the playing field any?


.

I personally like the idea, Leon. There were at least two cards that I would have kept going on last night if I was able to extend the pay period. That said, I'd trust myself to put the money away over the extended period (for me, it's more of avoiding the wife's wrath in spending so much all at once ). I would worry about everyone making good on their bids. People tend to be optimistic about finances when you can push it out 3-6 months. I could see AH's running into situations where the winning bidder just can't come up with the funds, even with the extended time period.

Not sure how you'd screen folks to qualify...

[Leon]

Originally Posted by wolf441

I personally like the idea, Leon. There were at least two cards that I would have kept going on last night if I was able to extend the pay period. That said, I'd trust myself to put the money away over the extended period (for me, it's more of avoiding the wife's wrath in spending so much all at once ). I would worry about everyone making good on their bids. People tend to be optimistic about finances when you can push it out 3-6 months. I could see AH's running into situations where the winning bidder just can't come up with the funds, even with the extended time period.

Not sure how you'd screen folks to qualify...

Maybe 25% down, terms on the rest....good ole credit and/or reference check. Only very good to excellent risks needs apply. Be responsible (right?). Someone once told me that our credit score is akin to an adult financial report card. I never forgot that one.