Why would you not read the fine print on any auction house you dealt or deal
with? That would be the first thing anyone should do--rather than step into
something uninformed.

Then you would know the parameters as well as their policies, from the
start.

--Kerry





On Fri, Feb 5, 2010 at 12:22 PM, Michael B <[email protected]> wrote:

> a few months ago, i consigned 2 asian antique items to a california auction
> house that specializes in asian art.   after 2/3 months, i asked, WHERE'S MY
> MONEY?  they responded that the high bidder (same bidder of both items) had
> not yet paid; that i would be paid once HE/SHE paid.
>
> QUESTION:  what is the policy of the leading poster auctioneers if the high
> bidder doesnt pay?  would the consignor need to wait until payment was
> received (maybe 4/5 months) or for the item to be reauctioned and payment
> received?  i havent read the "fine print" of our MOPO auctioneers or the big
> auction houses.  if a poster is returned because the buyer said it was "not
> as decribed"...what happens?
>
> of course, a scam could be to consign a 20.00 insert to an auctioneer, and
> have 2 friends bid it up to 800 IF the policy was to pay the consignor based
> upon the high bid the first time out regardless of other factors.
>
> (ps--i did get my money.....but it was 4/5 months)
>
> so i await responses posted here from "the usual suspects".
>
>
> michael
>
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