Auction Houses-Going, Going..Gone?

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Posted By: barrysloate

Rick- I think a good part of the reason that auction houses don't accept credit cards is that almost all have an "all sales are final" policy. With a credit card payment, any buyer can receive an item, decide he doesn't like it, and have the credit card company stand behind his right to return it.

Unfortunately, auctions cannot be conducted on an approval basis. Most consignors submit their material months in advance of the auction close, and don't want to find out that they are getting their stuff back after all that time.