Goodwin auction ended in early June - any consignors received payment yet ?

[Spartan]

Just curious, assuming it would be around this time, been 30+ days since end of auction... Thx !

[glchen]

Most of the large auction houses including Goodwin, you need to wait ~3 months after the auction ends to receive your consignment payment. Again, this is typical. For my last consignment with Goodwin for an auction that ended on Jan 25th, I received my payment in mid April. When I consigned with Heritage, I believe I signed a standard contract that basically stated the same thing that consignment payment was roughly in 3 months. Smaller auction houses and ebay consignment sellers are usually much faster.

[ullmandds]

WOW! 3 months?! this is the norm? that is insane in my opinion! goodwin maybe...but most?!?!

[conor912]

Originally Posted by ullmandds

WOW! 3 months?! this is the norm? that is insane in my opinion! goodwin maybe...but most?!?!

Agreed. 3 months is absurd. Are they taking payments and trying to squeeze a couple months of gains out of the bond market? PWCC pays me in 2 weeks.

[Rob D.]

Originally Posted by glchen

Most of the large auction houses including Goodwin, you need to wait ~3 months after the auction ends to receive your consignment payment. Again, this is typical. For my last consignment with Goodwin for an auction that ended on Jan 25th, I received my payment in mid April. When I consigned with Heritage, I believe I signed a standard contract that basically stated the same thing that consignment payment was roughly in 3 months. Smaller auction houses and ebay consignment sellers are usually much faster.

I don't know about "most," but I've never had to wait three months to receive a consignment check. Large, middle or small auction house. Of course, I've never consigned with Goodwin & Co.

[Leon]

I have consigned with most major auction houses, and many minor ones, and never waited 3 months to get paid. Generally it's about 2 mos for the larger ones and a month or so for the smaller ones. My auction company, b-lauctions.com, has always paid in approximately 2 weeks from auction close.

[ALR-bishop]

My recent experience with Love Of The Game was much quicker than that, but I assume they all have to/should wait some amount of time after delivery of the product to be sure there is no legitimate buyer complaint to deal with

[glchen]

Oops, looks like I'm wrong for Heritage. I just looked at their website, and it's 45 days after auction closes. So, maybe it is around 2 months. To be fair to Goodwin, my last consignment had a lot of different items including a large one, where it took one of the buyers a long time to pay, and Bill had to bug him also.

[e107collector]

I've consigned to Bill in the past, and I got paid within the 45 day timeframe, which is stated in the contract.

I'd give it until the end of this month, if you still don't get the check, give Bill a call. He is always very nice to talk to.

Tony

[chaddurbin]

around 45 days for goodwin, give or take a phone call.