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  Average time for consignment payments

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Author Topic:   Average time for consignment payments
Lifeexplorer
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posted 04-04-2009 11:49 AM     Click Here to See the Profile for Lifeexplorer   Click Here to Email Lifeexplorer     Edit/Delete Message   Reply w/Quote
Can any previous auction consignors help with this question: what are the average waiting times consignors have to wait before receiving payment from auctions?

stsmithva
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From: Centreville, VA, USA
Registered: Feb 2007

posted 04-04-2009 01:05 PM     Click Here to See the Profile for stsmithva   Click Here to Email stsmithva     Edit/Delete Message   Reply w/Quote
From my limited experience, between 1-2 months seems to be the norm.

Steve

gliderpilotuk
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From: London, UK
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posted 04-04-2009 01:12 PM     Click Here to See the Profile for gliderpilotuk   Click Here to Email gliderpilotuk     Edit/Delete Message   Reply w/Quote
Nearer the latter in my experience

Paul

spaceflori
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From: Germany
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posted 04-05-2009 01:13 AM     Click Here to See the Profile for spaceflori   Click Here to Email spaceflori     Edit/Delete Message   Reply w/Quote
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

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Lifeexplorer
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posted 04-05-2009 03:59 AM     Click Here to See the Profile for Lifeexplorer   Click Here to Email Lifeexplorer     Edit/Delete Message   Reply w/Quote
Many thanks to all who responded to my question. Very much appreciated.

benguttery
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Posts: 542
From: Fort Worth, TX, USA
Registered: Feb 2005

posted 04-05-2009 08:16 AM     Click Here to See the Profile for benguttery   Click Here to Email benguttery     Edit/Delete Message   Reply w/Quote
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
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From: Fort Worth, TX, USA
Registered: Feb 2005

posted 04-12-2009 08:54 AM     Click Here to See the Profile for benguttery   Click Here to Email benguttery     Edit/Delete Message   Reply w/Quote
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
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posted 04-12-2009 10:38 AM     Click Here to See the Profile for lm5eagle   Click Here to Email lm5eagle     Edit/Delete Message   Reply w/Quote
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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