Goldin Auction, thx for the quick check!

[Casey2296]

Originally Posted by Tabe

If you require a payment method be on file prior to bidding, this becomes a non-issue.

Have you seen the payment options? Personal or cashiers check or wire. I'm not sure why this is even an issue, AH's aren't eBay and there's nuance to maintaining a balance between the people that spend a lot of money with you, sometimes when they've had a few during bidding, and attracting consigners trying to maximize their hammer price. I had a consignment in the latest LOTG and he got me more than I expected in return. I also know that he and his family were probably up for 20 hours on auction night. So when I see morning after comments like "did you get your invoice yet" I just shake my head. Am I worried about getting a check right away? No. Not only do I trust Al and his family but I'm empathetic to how hard they work. I'll get my check when I get my check, and consign with them again. Like my Dad taught me "read the room before you open your mouth". By no means is this directed at you just a general ramble.

[Tabe]

Originally Posted by Casey2296

Have you seen the payment options? Personal or cashiers check or wire.

Have you seen the terms? Scott requires payment one week after invoice.

Originally Posted by Casey2296

I'm not sure why this is even an issue

I didn't say it WAS an issue. I asked if a month was actually fast. Other people agreed with me that a month, or even faster, is "normal". All I did was ask a question. I then laid out my expectation that AHs would get paid in less than 2 weeks - a week LONGER than Scott expects payment.

Originally Posted by Casey2296

AH's aren't eBay

Didn't say they were. That said, it is 2021 and electronic payments seem like they should be the absolute norm with the paper or cashier check that takes more than a day or two to arrive being the really, really extreme rarity.

[Casey2296]

Like I said, my comments weren't directed at you just a general ramble, but they still stand, the AH game is a game of nuance in my opinion. Electronic payments cost the AH more $$ which affects their margin, they can also be disputed which can take 30 days or more to settle and the AH/consignor usually comes out on the wrong end. I've actually had a check written to Scott get lost in the mail for a couple of weeks, we stayed in touch and things worked out but I'm sure his consignor had to wait longer to get paid.

Would you expect an AH to cancel a 20K sale on day 8 if it wasn't paid? You would if you thought the guy wasn't good for it, you wouldn't if you knew him as a buyer who paid his bills. Like I said, nuance.