while I might hold something well past the "expiration date" for
known (bidding) clients, all in all the few people who don't pay the
way they're supposed to lose out as I just cancel the sales and ban
them (like Bruce, I'll ban someone who doesn't pay even if it's just
a 99 cent item). for all consignments, my deal with consignors is a
specific "pay date" after sale. If someone doesn't pay & I know I can
hold the item & still be paid, I'll pay the consignor. If it's an
expensive item, my buyers must pay first, but also must pay within time frame.
At 12:39 PM 2/5/2010, Michael B wrote:
i meant....i never read the fineprint of the poster
auctioneers.....THEREFORE, i am hoping to see their
responses. about 5 or so MOPOers auction consigned items regularly.
mbb
-----Original Message-----
From: Kerry Laws <[email protected]>
To: [email protected]
Sent: Fri, Feb 5, 2010 3:31 pm
Subject: Re: [MOPO] CONSIGNMENT policies
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
<<mailto:[email protected]>[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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