Can a consignor withdraw his coins before an auction?

291fifth

I seem to recall a bitter legal battle over a high end gold collection about ten years back. The coin market had tanked and the heirs didn't want the coins auctioned in that type of market. Did that case set any precedents that might apply today?

Longacre

Wow! I was going to write this same thread topic. I guess great minds think alike.

beartracks42

I talked about this same topic a couple of weeks ago when I submitted some coins to Bowers&Merena for the Baltimore show in November. At that time, I was assured that I could withdraw them in case of the circumstance you mentioned. The rep. also assured me that they would cancel or delay to auctioning of said coins if the market went"south". You can take that anyway you want!!

19Lyds

Unless signed agreements are in place, I do not see why they couldn't after the consignor paid the appropriate fees. The auction company did invest money in the sale through either cataloging, photography, or advertising.