No excuses, they have their money in the bank within 48 hours and it should be paid out then. Not referring to any auction house in particular but if they need to wait months before paying then perhaps they are technically insolvent, and directors can be held responsible for trading whilst insolvent. However, in the real world......
I have only ever sold a classic at auction once, with Coys and many years ago. Took 3 months and much hassling before they paid, seems old habits die hard.
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