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Originally Posted by MINES_MINT
That's wild. The title of the listing is technically still valid until Brady throws another touchdown pass, but what an unfortunate turn of events for the buyer, consigner and auction house.
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Maybe not so unfortunate for the consigner, he/she's kind of in the catbird seat. As someone else mentioned, the auction winner technically entered into a binding contract to buy the football, and that ain't chump change, so they are obviously well off and don't really have any excuse to not pay. What could prove interesting is if the buyer is a big Leland's customer, and asks them to let him/her off the hook for the purchase. In this case, Leland's is working for the consigner, and is bound to try to collect the money for them. If Leland's doesn't want to lose this customer over this, they may be screwed, because I would think that if they decided to not go after the auction winner, the consigner may be able to come after them (Leeland's) instead of the auction winner. Guess it may come down to exactly what it says in the fine print of Leland's contracts/terms of agreement with both the consigner and auction winner. Who knows, Leland's may have contemplated something like this happening one day, and so they have language in their contracts/terms of agreement that can get them out of the middle of this. This should be interesting.