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Author
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Topic: Average time for consignment payments
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Lifeexplorer
New Member Posts:
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posted 04-04-2009 11:49 AM
   
Can any previous auction consignors help with this question: what are the average waiting times consignors have to wait before receiving payment from auctions?
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stsmithva
Member Posts: 1933
From: Fairfax, VA, USA
Registered: Feb 2007
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posted 04-04-2009 01:05 PM
From my limited experience, between 1-2 months seems to be the norm.Steve |
gliderpilotuk
Member Posts: 3398
From: London, UK
Registered: Feb 2002
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posted 04-04-2009 01:12 PM
Nearer the latter in my experience  Paul |
spaceflori
Member Posts: 1499
From: Germany
Registered: May 2000
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posted 04-05-2009 01:13 AM
6 weeks seems to be the usual time - at least according to most consignor contracts. However most auction house leave a little backdoor open when the winner of a lot doesn't pay in time they won't pay you in time.Florian ------------------
Flown artifacts, autographs and more !
www.spaceflori.com |
Lifeexplorer
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posted 04-05-2009 03:59 AM
Many thanks to all who responded to my question. Very much appreciated. |
benguttery
Member Posts: 547
From: Fort Worth, TX, USA
Registered: Feb 2005
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posted 04-05-2009 08:16 AM
I just have to tell this story about old style auctions. I inquired by mail with this one company if they were interested in this material I had. They replied back by mail that they were. I shipped it all off to them. There were several more iterations of their catalog before my stuff got listed. It was sold and I eventually was paid. It's just a guess, but I think it was about 9 months beginning to end. The process has greatly improved. |
benguttery
Member Posts: 547
From: Fort Worth, TX, USA
Registered: Feb 2005
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posted 04-12-2009 08:54 AM
A modern story: sent Lunar Legacies my consignment items in January. Got paid the first week of April. 90 day range between sending items and receiving check is impressive. |
lm5eagle
Member Posts: 429
From:
Registered: Jul 2007
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posted 04-12-2009 10:38 AM
Here is a very impressive timeline from Lunar Legacies: Auction on March 14th; payment into my account on 9th April.It doesn't get better than that. Many thanks Donnis. Andy |
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