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Like I said, my comments weren't directed at you just a general ramble, but they still stand, the AH game is a game of nuance in my opinion. Electronic payments cost the AH more $$ which affects their margin, they can also be disputed which can take 30 days or more to settle and the AH/consignor usually comes out on the wrong end. I've actually had a check written to Scott get lost in the mail for a couple of weeks, we stayed in touch and things worked out but I'm sure his consignor had to wait longer to get paid.
Would you expect an AH to cancel a 20K sale on day 8 if it wasn't paid? You would if you thought the guy wasn't good for it, you wouldn't if you knew him as a buyer who paid his bills. Like I said, nuance. |
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