Auction House Policy: A Comparison

[Mike Heffner]

Eric,

Since I saw the post before the email I will give my responses directly.

Our auctions contain mainly consignments in which we get a percentage of the selling price and the consignor gets the rest. We also offer consignments where the consignor receives a cash advance on an item; then after the sale, the cash advance is returned to us from the proceeds of the sale along with a percentage of the sale price. We also own items in our auctions and retain the entire sale price. These are not marked in any fashion but if anyone is interested in bidding on an item in our auction and would like to know which of the above scenarios applies to that item, please feel free to call me and I will disclose that information.

We do not use authenticators and rely primarily on the expertise that exists within our own auction house or a consensus of opinions. If we are proven to be wrong on an item that we have sold we offer a full refund for a period of three years from the date of the sale.

Members of our auction house are not allowed to bid in our auctions.

Mike Heffner
President-Lelands.com

[Eric]

Robert and Mike,
Thanks for the quick responses. This is all good info.