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Old 02-15-2009, 05:49 PM
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Default More bad news for Mastro

Posted By: Bill Panagopulos

No offense, but...are you kidding???

Imagine the logistical headaches...

My sales are about 1,800 lots and one hundred consignors. So, you suggest I print 1,800 checks, with 1,800 cover letters sent in 1,800 envelopes times 1,800 stamps?

Please get real. If you need the money that desperately, sell on eBay. I pay for advertising, salaries, rent, pre-press, photography, shipping coming and going, printing, postage, electricity, and charge no interest on advances. And I don't charge interest to late-payers. If my sale does $1M and I get paid ALL of it the day after the auction, and hold it all for 45 days at 1.5% annually, I make all of $50,000 a year in interest, or a grand total of $1,111 over 45 days. Wow...

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