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<p>[QUOTE="Ken Dorney, post: 2457991, member: 76086"]Well, there are certainly some language issues there! Many of the words used (and in the syntax) are either vague or completely wrong. I can only imagine that one is stuck with those terms (which I assume they will interpret however they wish). I see two options: default and risk the wrath of the auction house and their potential influence with other houses, or just pay up and move on, right or wrong, your choice to do business with them again as you see fit. It remains to seen if the coin is worth the outcome or not (for the buyer, not anyone else).</p><p><br /></p><p>I recently encountered something similar with regards to items consigned and sold at auction. When I received my auction payment it included line items for each: "Insurance Fee". This amounted to 2% per lot. This charge does not appear in the consignment agreement. Not anywhere at all. No other charges other than the 12.5% commission are mentioned. Now, I dont like 'hidden' fees nor surprises, and this was a surprise to me. Especially so that I am paying them an extra 2% (apparently at random??). Bottom line, they did well on the prices realized and overall I am happy with the results. So....I will continue to do business with them and accept that 'hidden' fee (though I will e-mail them and advise that they change their consignment agreement). While I am happy with a few thousand dollars here and there, anyone consigning much more is just losing money, so some may be very unhappy![/QUOTE]</p><p><br /></p>
[QUOTE="Ken Dorney, post: 2457991, member: 76086"]Well, there are certainly some language issues there! Many of the words used (and in the syntax) are either vague or completely wrong. I can only imagine that one is stuck with those terms (which I assume they will interpret however they wish). I see two options: default and risk the wrath of the auction house and their potential influence with other houses, or just pay up and move on, right or wrong, your choice to do business with them again as you see fit. It remains to seen if the coin is worth the outcome or not (for the buyer, not anyone else). I recently encountered something similar with regards to items consigned and sold at auction. When I received my auction payment it included line items for each: "Insurance Fee". This amounted to 2% per lot. This charge does not appear in the consignment agreement. Not anywhere at all. No other charges other than the 12.5% commission are mentioned. Now, I dont like 'hidden' fees nor surprises, and this was a surprise to me. Especially so that I am paying them an extra 2% (apparently at random??). Bottom line, they did well on the prices realized and overall I am happy with the results. So....I will continue to do business with them and accept that 'hidden' fee (though I will e-mail them and advise that they change their consignment agreement). While I am happy with a few thousand dollars here and there, anyone consigning much more is just losing money, so some may be very unhappy![/QUOTE]
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