To echo others - Al runs a great honest auction company at LOTG.
Consigner payout terms are typically specified in the consigner contract and would be known to any consigner before submitting a consignment.
The most common payout terms in the auction industry are 30 to 45 days after an auction -some pay quicker, some take longer. Again, payout terms are typically specified in the contract and known before a consigner agrees to the contract. And sometimes there are caveats to the terms - non-paying bidders, delayed payment from buyers, and other unforeseen "issues" could alter the payout schedule.
And sometimes clerical errors can be made in a payout as most are automated, and any errors are typically cleared up quickly once an auction house is notified of the error.
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