Primarily Petroliana Shop Talk Forums Shop Talk Petroliana Forums General Petroliana Discussion 46 DAYS to get paid!

Apparently some people have a different meaning for "On their toes". I guess I should have said "Hold their feet to the fire". Regardless, as a client as much as you might like to believe 100% of what the company says, once you reach the agreed upon timeframe the calls should start so they know they need to do what they say they will do.

Dalin, I know your pain... and the sad part is the actual mechanic may make less than 50% of that figure. I remember when I worked for a company as a consultant, they billed my time out at $50/hr and paid me $22.50. I think starting mechanics are probably $25/hr with master mechanice $35/45hr.

Again, Another complaint regarding Morphy's Auctions, and yet, by Kevin's own admission, he did not call them to inquire why he had not received a timely payment. When are the complainers going to call the auction house and get real answers.

I have no association to Morphy's nor am I happy with some of their rules, but I have taken the time to call them directly and tell them of my concerns.

Being a collector for 27+ years, I have seen many auction companies come & go. Some were crooks and some were not honest in their business practices, but it is hard to find a reputable auction group who can fill all of our needs. Now is a prime time for that auction house to step forward and earn our trust & respect. I do not know who that company is yet, but hopefully someone will step forward and accomplish that task. I feel that as this year of shows & auctions play out, that auction house will make its presence known and all of these issues will hopefully be resolved.

There is no need to have to call them. They and any other auction co. should be bending over backwards to please the customer. For the higher fees they charge they should be held to a higher standard.
And complaints should be aired here on a public forum, many people on here are consignors or are thinking about consigning and certainly should know about the company.

So they are getting a 1/3 of each item that is sold. So these rare harbor or beacon signs. There seems to be one of each in the past few auctions that sell for 50k they take home 16.5k off that one sign! Catfish farming is the wrong business to be in!

Maybe it's a good thing they are not doing the CTO auction.

Sounds like the new Ebay in a smaller way all over again! Lock in the profits at all costs.

***** on the seller once he becomes dependent upon your services do to their enormous reach & audience size.

Good for business but not good for seller relations.

Would they let me play if I told them my check would not clear for 30 days? I'm with Kevin, KW and Dave. Makes E-bay more attractive. Ron Lease-Collector. ;;;;;;;;;;

46 days is inexcusable. What other explanation can there be than "float", like Dave said? I can see reasonable travel and processing time - like maybe 7-10 days.... I also agree that 33% is too much, especially when they have no inventory cost! I have heard that Morphy charges up to to 25% buyers premium at some of their sales. After all this, eBay's 13% total doesn't seem so bad.

I remember many people upset when ebay changed their fee structure. Seems like a bargain..

Not to mention a much much larger audience!!

I charge 15% and sometimes less on certain situations but you get paid within a week or two when it sells on my site gasglobes.com I feel it's fair. Any less it's not worth it unless the item is big bucks. Seem to work out. Scott B.

It's better then 47...LOL

Several years ago the Iowa Gas auction was done by a small time local auction company. No on line catalog or internet sales. Some of the auction stuff were things that did not sell on the show field prior to the auction. This limited the buyers as for the most part it was on site bidders only. Good for the buyers but probably not good for the sellers. Matthews Auctions took advantage of new technology and got internet bidding, online auction catalogs and mailed out fliers and paper catalogs to get more potential buyers. This was better for the sellers as it helped drive up prices. This extra advertising is not free to the auction house and is probably what accounted for the buyers and sellers premiums being what they were. The auction company is a buisness and they need to make if worthwhile if they are to stay in buisness. In my opinion, Dan was doing it right and had the right size operation. Now Matthews was taken over by Morphys. A bigger company will have higher expenses. This can be bad for both the buyers and sellers. Time will tell if Morphy is as successful as Matthews. If they said 30 buisness days to get paid, that could end up being about six weeks. To long in my opinion but if it was stated up front, probably not something to complain about. A bigger company will have more auctions going on at once with the resulting more paperwork and payments. They may get things smoothed out in the future with the oil and gas auctions but then again, it is an auction no matter what you are selling and you would think they would have their system already in place. I think Dan Matthews had a good thing going and was the right size. Time will tell who rises to the top as the next Oil and Gas collectables go to auction company.

Morphey opened up paying by check or any other means meaning you had 2 weeks to pay for item after you bought it.
Dan had check cash or cc day of the auction. If you bidded on internet you got billed That day! Dan operated different that morphey does.
They did say 30 business days... Not 30 days.
It's not dan Matthews anymore. Call morphey and complain!

How long were you made to wait John?