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#7
03-31-2011, 06:04 PM
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Lou Gehrig
The auction contract remains in the original consignors name. The consignor, due to the change of grade from A9 to A7, wanted to be protected from any loss that might occur due to the grade change.
In this instance I agreed to accept any and all responsibilty in the final sale price. This second agreement was between the consignor and myself, to protect him from any potential loss. I haven't purchased the jersey or exchanged money. The final selling price will determine if any monies is owed by myself to the consignor. The jersey will sell in the REA auction, the high bidder will get the jersey at the final selling price. Any shortfalls will be paid by myself to the consignor, and profits will be paid by the consignor to myself, thus the secondary contract/agreement. Regards, Troy R. Kinunen/MEARS 
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