Attn Consignors to Auction Houses

[thecatspajamas]

Originally Posted by Shoeless Moe

and...........2 months may not sound like a lot to some, but you need to take in account first the consignor sends their item in 2 months (give or take) before the auction starts, then the auction could run for almost a month. Then another 2 months before paid.

You could be talking almost 1/2 of a year (6 months), the whole process.

Thus, the back-end thus needs to be shortened.

Besides your math being terrible, it sounds like selling via auction house may not be the best route for you with turnaround time from acquisition to cash-out being such a high priority for your flipping endeavors. Or at least you need to read the fine print on the front end rather than publicly griping on the back end when you get exactly what you signed up for. Any negotiation of terms should be done on the front end, whether with Heritage or any other auction house or reseller. By you agreeing to a specific time to payout on the front end, and then complaining about it and trying to get it changed after-the-fact, I have a hard time finding sympathy for anyone other than the Heritage rep in this case.

[Shoeless Moe]

Originally Posted by thecatspajamas

Besides your math being terrible, it sounds like selling via auction house may not be the best route for you with turnaround time from acquisition to cash-out being such a high priority for your flipping endeavors. Or at least you need to read the fine print on the front end rather than publicly griping on the back end when you get exactly what you signed up for. Any negotiation of terms should be done on the front end, whether with Heritage or any other auction house or reseller. By you agreeing to a specific time to payout on the front end, and then complaining about it and trying to get it changed after-the-fact, I have a hard time finding sympathy for anyone other than the Heritage rep in this case.

Dude get your panties out of a bunch. I was just estimating on the time, sorry I wasn't precise enough for you, a thousand pardons. And I'll gripe about anything I want, who the hell are you the thread police.

45 days is asinine, when you say pay within 7. Glad you feel sorry for the Heritage rep., Heritage appreciates your sympathy I'm sure. Sure didn't start the thread looking for sympathy, but if you could let us know what threads are ok to give an opinion that will really help us all in the future, don't want you upset.

[RedsFan1941]

Originally Posted by thecatspajamas

Besides your math being terrible, it sounds like selling via auction house may not be the best route for you with turnaround time from acquisition to cash-out being such a high priority for your flipping endeavors. Or at least you need to read the fine print on the front end rather than publicly griping on the back end when you get exactly what you signed up for. Any negotiation of terms should be done on the front end, whether with Heritage or any other auction house or reseller. By you agreeing to a specific time to payout on the front end, and then complaining about it and trying to get it changed after-the-fact, I have a hard time finding sympathy for anyone other than the Heritage rep in this case.

extremely well said

[Snapolit1]

Agree, if it's disclosed in advance you can't bitch about it. Don't like it, keep walking.

[Shoeless Moe]

Actually you can bitch about it, that's whats great about America.

You stay quiet and things never get changed.

And you can drop the Heritage or any House in particular if you want. Let's just say auction houses in general if they ask for payment within a short period, why then don't they pay out in a fairly short period?

I don't like it. So yes I will bitch about it. And I've consigned to at least 8-10 auction houses and most you learn how quick they pay after they in fact do so, and you've gone through the process, so now I know which ones I prefer and don't prefer.

and Lance you bitch about pretty much anything I post so hard to take you seriously, but keep bringing it, love that you love me so much.

[Shoeless Moe]

Originally Posted by Shoeless Moe

Actually you can bitch about it, that's whats great about America.

You stay quiet and things never get changed.

And you can drop the Heritage or any House in particular if you want. Let's just say auction houses in general if they ask for payment within a short period, why then don't they pay out in a fairly short period?

I don't like it. So yes I will bitch about it. And I've consigned to at least 8-10 auction houses and most you learn how quick they pay after they in fact do so, and you've gone through the process, so now I know which ones I prefer and don't prefer.

and Lance you bitch about pretty much anything I post so hard to take you seriously, but keep bringing it, love that you love me so much.

Extremely well said!

[bnorth]

Originally Posted by Shoeless Moe

Extremely well said!

LOL, that has got to be the post of the day, well played sir.

[Snapolit1]

Originally Posted by Shoeless Moe

Extremely well said!

OK. Good strategy. I'm going to go out now and buy a 12 inch sub at Subway and bitch up a storm that its not a foot and half long.

[Leon]

Originally Posted by Snapolit1

OK. Good strategy. I'm going to go out now and buy a 12 inch sub at Subway and bitch up a storm that its not a foot and half long.

There was a big lawsuit or brouhaha about subway sandwiches not being a full foot long.

"Subway Will Make Sure That Footlong Sub Is Actually a Foot Long Following Lawsuit
The chain is also coughing up $520,000 in legal fees"

https://www.eater.com/2016/2/29/1113...uit-settlement

I don't have a problem with HA rules as I read them before I consigned my collection. At 45 days I went and picked up my check. No worries.....

.

[RedsFan1941]

Originally Posted by Shoeless Moe

Extremely well said!

Finally, someone who agrees with you.

[cfhofer]

Paul,

That does seem like a long time, however AHs typically bring more money. Maybe the funding needs to go through several internal departments before release. Most who consign to these big AHs are aware of this delay. If someone needs money quicker there is eBay or the B/S/T section here.

I hear you though...sometimes it just feels good to vent. You should be able to do that here without being attacked.

All the best

Mark