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davidcyclebackI am not commenting on this case and do beleive in lengthy periods for items to be returned in the are fake, but it can be a catch-22 for auctioneers. Auction house customers both want to be paid as soon as possible (consigners) and be able to wait for lengthy times to return an item (winning bidders). This explains why auction houses set specific time periods for returns-- because their consignors are customers too.
I would refund the money if I was the seller. But I also understand why someone like Lipset sets a specific return duration and sticks to it.