38 days after auction and waiting for check.

[bigfanNY]

On December 19th auction closed and I sold about $4700.00 worth of items. I emailed the auction house and asked for an update on January 18th. No reply. I emailed the auction House again on January 22nd asking for an update, NO REPLY. I called the "president of the auction house today and was told he was out to lunch and would return my call when he returned. I wait about 2 and a half hours and call back. Nice lady on the end of the phone says she talked with Auction house president and there were 2 of 11 items not paid for. I say not an issue it would be fine to send me a check and return any items that were not paid for. It says very clearly on auction house website that items must be paid for within 2 weeks of invoice. Now Auction house President gets on phone and asks how he can help I ask why he has chosen to ignore my emails for the past 10 days no reply. says according to contract he has 60 days to try and collect and to pay me. I agree but point out that it also says that bidders only have 2 weeks to pay. Here is kicker He say that a large bidder in his auction has only paid half of his bill and he has agreed to wait for the rest of his/My money. How nice of large auction house to bend rules and finance Large bidders purchase. And how nice of large auction house to keep my 5 grand and hold onto it until he works out large purchase. Needless to say I will never deal with this large auction house again. who by the way called me an idiot for not understanding. What I understand is 38 days after an auction Me and at least a few others are waiting to get paid while he dose business with my money. If he wants to bend rules and finance a large purchase he should either pay sellers and assume risk or at the very least ask sellers if it is ok to wait. IMHO not a fair and above board way to do business.

Jonathan Sterling

[Wite3]

Don't keep us in suspense...which Auction House is it...so we can avoid it.

[ullmandds]

should we guess as to which AH this is?

[MyGuyTy]

Let's take a stroll down.............?

[ullmandds]

Originally Posted by MyGuyTy

Let's take a stroll down.............?

To the river?

[MyGuyTy]

Originally Posted by ullmandds

To the river?

Can you paddle?

[glynparson]

days and you are paid within 60 days I fail to see what you are complaining about at day 38? Just my opinion. (Now if he is literally trying to flip your money on deals that is wrong, because it puts your money at risk) but if you get paid in the contractually obligated time and its just cause he makes sure all monies clear, and is maybe a little lazy, I don't understand your gripe? It's his choice to extend a buyer extra time as long as you still get paid by the 60 days you agreed upon in my opinion.

[wonkaticket]

I agree if you signed an agreement that is 60 day terms then I wouldn't start crying the blues till day 68 vs. 38...

As far as using your money to run their business...try selling any major retailer today your goods...welcome to the club.

[srs1a]

$47K is a lot of cheese. If the contract says 60 days, so be it. However, I don't think that says that the AH has a free pass to ignore the consignor. If they have a whale on the hook that can't (or won't) cough up, why not write a check for a partial amount to the consignor? My instinct says strike a proper balance between consignor and buyer and you won't get posts like this on public message boards.

[Cardboard Junkie]

Prolly a good idea not to call a consignor an "idiot" too.

[Rob D.]

Originally Posted by srs1a

$47K is a lot of cheese. If the contract says 60 days, so be it. However, I don't think that says that the AH has a free pass to ignore the consignor. If they have a whale on the hook that can't (or won't) cough up, why not write a check for a partial amount to the consignor? My instinct says strike a proper balance between consignor and buyer and you won't get posts like this on public message boards.

For the sake of accuracy, according to the OP, the amount is $4,700, not $47,000.

[Cardboard Junkie]

I think it's wrong for an AH to extend credit to one/some and not others.

[Peter_Spaeth]

The OP doesn't have a LEGAL claim but that doesn't mean he doesn't have a right to be pissed off.

[I Only Smoke 4 the Cards]

Originally Posted by Cardboard Junkie

I think it's wrong for an AH to extend credit to one/some and not others.

Fair? probably not

[3-2-count]

Originally Posted by Cardboard Junkie

I think it's wrong for an AH to extend credit to one/some and not others.

Believe me, this is the least we should be worrying about when it comes to how many of these AH's run their business. Wrong? Sure! Top of the list? Not even close.

[Cardboard Junkie]

What's sad is that when the AH name is revealed....there is a dozen or more it could be that wouldn't surprise me.