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I used to work for Bill and Josh and have seen and heard them confront deadbeat bidders (not pretty). They go out of their way to please consignors and most likely did everything in their power in this situation. I assume that similar to EBAY you can ban someone and block them from bidding but can not force them to pay.
Holding an item would seem to only complicates things so returning it and offering the next auction seems reasonable. Lastly I am not sure but I don't think a single auction house would purchase items from consignors due to non-paying bidders as a rule of thumb, if this was the case it would promote shill bidding even further as consignors could drive up the price and know the auction house would bail them out. I witnessed 1500 lot auctions where only 1-2 items were not paid for so I think this was an unfortunate albeit rare occurrence. Last edited by ksabet; 03-23-2011 at 07:04 PM. |
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You still have the item, relist with them or another auction house the only cost is your time. Last edited by ksabet; 03-23-2011 at 07:21 PM. |
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Yes it's called a breach of contract claim.
__________________
Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ |
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__________________
Net 54-- the discussion board where people resent discussions. ![]() My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ |
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I don't know any auction houses that go after non paying bidders legally unless it is a very high value item. Usually people don't pay because they don't have the money so you can sue them all that you want, but you can't get blood from a stone. An auction house is not going to go through the time and expense of trying to get a judgement that they most likely won't collect on anyway.
Every once in a while an auction house will buy an item that was not paid for, but only for really good consignors or if the item went cheap anyway. My guess is that your contract probably states what happens if the buyer does not pay (I put it in my contract). The standard protocol is that the item is either resold or returned to the consignor. Scott
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Monthly consignment auctions of Sports Memorabilia, Antiques and Collectibles. www.scgaynor.com Ebay ID: Estate-Finders https://www.ebay.com/sch/estate-find...1&_ipg=&_from= Find my monthly auctions on auctionninja https://www.auctionninja.com/gaynors-fine-consignments/ |
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