MADAM – Recent letters and opinions expressed in ATG’s pages about salerooms and better transparency on buyer’s premium have missed an additional yet very important point – namely that of payment to vendors.
I recently submitted an item to a local saleroom for a sale held over a month ago. To date I have not a sale notification or any payment. Having checked on thesaleroom.com, I can see that the item did sell.
However, I am not unduly perturbed as it has been standard procedure for many years for vendors to wait often over a month for payment for items consigned for sale.