Consignor Payouts

[ChrisCavalier]

Consistent with our goal to payout consignors within 30 days of the auction close, I just wanted to let everyone know that we have begun the process of sending out settlement reports and consignor payouts and plan to have all of them sent out by the end of this week.

Notably, we have collected a very high percentage of payments from buyer's and we are working on, and have verbal commitments for, just about all the remaining outstanding items that have yet to be paid. Ironically, there are a couple regular posters on this site that have yet to pay for their items. However, we are working on collecting from them and are optimistic that they will pay in the coming days.

If consignors have any questions they can feel free to contact me directly.

[cohibasmoker]

Re: Consignor Payouts

Consistent with our goal to payout consignors within 30 days of the auction close, I just wanted to let everyone know that we have begun the process of sending out settlement reports and consignor payouts and plan to have all of them sent out by the end of this week.

Notably, we have collected a very high percentage of payments from buyer's and we are working on, and have verbal commitments for, just about all the remaining outstanding items that have yet to be paid. Ironically, there are a couple regular posters on this site that have yet to pay for their items. However, we are working on collecting from them and are optimistic that they will pay in the coming days.

If consignors have any questions they can feel free to contact me directly.

Chris,

Will you be posting the names of the "stiffs" that do not pay?

[ChrisCavalier]

Re: Consignor Payouts

Chris,

Will you be posting the names of the "stiffs" that do not pay?

Hello Jim,

We consider non-payment for auction items a serious matter. As such, once everything from the auction is reconciled, we will post the names of those who do/did not pay.

[jetersbatboy]

Re: Consignor Payouts

Will the items not paid for be resold? There was great suff I still would like to get my hands on.

[cohibasmoker]

Re: Consignor Payouts

Hello Jim,

We consider non-payment for auction items a serious matter. As such, once everything from the auction is reconciled, we will post the names of those who do/did not pay.

That a boy !!!!

[cohibasmoker]

Re: Consignor Payouts

Chris,

When are consignments due for the next auction?

Jim

[cohibasmoker]

Re: Consignor Payouts

Consistent with our goal to payout consignors within 30 days of the auction close, I just wanted to let everyone know that we have begun the process of sending out settlement reports and consignor payouts and plan to have all of them sent out by the end of this week.

Notably, we have collected a very high percentage of payments from buyer's and we are working on, and have verbal commitments for, just about all the remaining outstanding items that have yet to be paid. Ironically, there are a couple regular posters on this site that have yet to pay for their items. However, we are working on collecting from them and are optimistic that they will pay in the coming days.

If consignors have any questions they can feel free to contact me directly.

Chris, got my check this afternoon just in time for Christmas shopping. Let me know when consignments are due for your next auction. Thanks again,
Jim

[ChrisCavalier]

Re: Consignor Payouts

As an update to the question asked in this thread, I wanted to let everyone know GUU collected 100% of payments from the auction and all consignors have been paid in full. I believe the buyer payments and consignor payouts exemplify the level of integrity in which GUU runs its auctions as well as the trust GUU is building with both buyers and consignors.

On behalf of GUU, thanks again to everyone who participated.