After The Auction
Payment To Seller
If you are the consignor of items to Oakridge Auction Gallery, within thirty days following the completion of the auction, Oakridge Auction Gallery will:
Provide you with a full accounting of the auction,
Inform you of any installment arrangement made with a winning bidder or winning bidders, and
Remit all proceeds of the sale due to you, less commissions and any expenses that you agreed to pay, due at that time.
In the event that a purchaser pays for their winning purchases in installments, every thirty days, Oakridge Auction Gallery will again provide you with a full accounting of the installments and remit all proceeds of the sale due to you, less commissions and any expenses that you agreed to pay, that are due at that time. This thirty day process will continue until you are fully paid for the items sold on your behalf. Oakridge Auction Gallery will not allow your items to be delivered to a purchaser until that purchaser has paid for the item in full.
Unsold items are typically items that did not sell because they did not meet the reserve. If you are the consignor of an unsold item, you can choose from several options:
You may continue to consign the item or items to Oakridge Auction Gallery. This item or these items will then be offered in a future auction for similar items,
You may choose to allow Oakridge Auction Gallery to offer the item or items for private treaty sale, or
You may have the item or items returned to you.
If an item fails to sell in multiple consecutive auctions, Oakridge Auction Gallery reserves the right limit the number of auction attempts for a given item.