How quick do YOU Pay Auction Houses

JamesGallo · #1 05-05-2009, 12:50 PM

With all the threads about how much of a pain an auction house can be to pay out, I am wondering how quickly you pay an auction house.

Do you wait for the paper invoice to come or what.

I sent my REA check out Monday.

James G

asphaltman · #2 05-05-2009, 12:52 PM

Sent my check to REA on Monday as well. If I think the shipping and everything else looks correct I'll usually just print out the invoice and stick it in the mail...won't wait on them to send me one snail mail.

Jacklitsch · #3 05-05-2009, 12:57 PM

Print out the email and send check next business day.

Cat · #4 05-05-2009, 01:32 PM

This time I paid on Monday and sent it Priority, which gets it there a couple days faster since I am on the West Coast.

A couple years ago I had the attiitude: "they'll get it when I feel like paying them" which may have stretched it out to 14 to 18 days from the end of auction until they received the check.

philliesphan · #5 05-05-2009, 01:38 PM

the vast majority of them right away. There have been a few isolated incidents where either:

A) The Auction House is not great at communicating winnings / invoices [e.g. email really is quickest for all involved...]

B) I won more than anticipated, and I need a few days to transfer funds into the checking account.

m

p.s. Although I recently had an incident with a major auction house that "lost" my first payment, which became a hassle in stopping payment, sending new one, etc.

Rob D. · #6 05-05-2009, 01:45 PM

Either the day I get the invoice or the day after.

Merrillstoys · #7 05-05-2009, 01:59 PM

Never more the one week.
Sometimes I wait to get paid
so I don't hit my savings.

Leon · #8 05-05-2009, 02:13 PM

put a check in the mail the day after the auction. I sent the REA one yesterday....especially, since the shipping charges weren't going to have to be a "does it really cost that much to ship" situation...

chaddurbin · #9 05-05-2009, 02:27 PM

Quote:

Originally Posted by Cat

This time I paid on Monday and sent it Priority, which gets it there a couple days faster since I am on the West Coast.

A couple years ago I had the attiitude: "they'll get it when I feel like paying them" which may have stretched it out to 14 to 18 days from the end of auction until they received the check.

cat i sincerely hope your check to rea doesn't get lost...it'd be a shame if rob has to sell your winning to the underbidder.

last year in my haste to get my check out to rea i sent out a check from a closed account (oh yea rob shipped the card already). by the time i figured it out rob had already deposited the check i think. he was ever gracious about it and don't think even sent me another invoice for the bounced check fee. these days bank wires is the most convenient.

E93 · #10 05-05-2009, 02:32 PM

I just got an e-mail stating that my winnings were shipped overnight via Fed Ex and I will receive them tomorrow. Amazing service.
JimB

Doug · #11 05-05-2009, 02:57 PM

I sent my check Monday morning.

Kehfee · #12 05-05-2009, 03:40 PM

I got a cashier's cheque yesterday and the it was mailed today. (for the REA that is)

daviddbreadman · #13 05-05-2009, 03:43 PM

I paid via wire of funds yesterday and received an email from Robert Lifson and Fedex saying my shipment was mailed today and will be here on Thu May 7!

batsballsbases · #14 05-05-2009, 05:26 PM

I sent the check the same day I received the invoice!

Leon · #15 05-05-2009, 06:28 PM

I Sent my check yesterday, with a low shipping charge, and got the email today saying my package is being over nighted....that is great service and is appreciated. regards....

perezfan · #16 05-05-2009, 06:40 PM

I sent the check today, and already received UPS confirmation that the item was on its way. So the check and the item will cross in the mail. I don't know anyone other than Rob who would even do this, but it is very much appreciated!!