xangelx
New Member
๐จ๏ธ 57
๐๐ป 24
June 2016
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by xangelx on Feb 16, 2017 5:55:07 GMT 1, Are you selling any of the faile's by any chance? ha ha ha! good call 
Are you selling any of the faile's by any chance? ha ha ha! good call Heh. I was wondering the same thing. |
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Pattycakes
Junior Member
๐จ๏ธ 1,379
๐๐ป 423
June 2007
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by Pattycakes on Feb 16, 2017 8:49:58 GMT 1, As far as I can tell Paddle8 is on the brink of chapter 11, if they go bankrupt then no-one will get paid, as I have been told that they do not have protected vendors accounts so the funds are not held separately. I know of a number of people owed money.
As far as I can tell Paddle8 is on the brink of chapter 11, if they go bankrupt then no-one will get paid, as I have been told that they do not have protected vendors accounts so the funds are not held separately. I know of a number of people owed money.
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11
Junior Member
๐จ๏ธ 4,856
๐๐ป 6,735
February 2011
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by 11 on Feb 16, 2017 11:39:09 GMT 1, I cant see them getting Chapter 11 - although if anyone on the board knows Trump then I'm sure everything will be just fine
I cant see them getting Chapter 11 - although if anyone on the board knows Trump then I'm sure everything will be just fine
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tartarus
Junior Member
๐จ๏ธ 2,628
๐๐ป 2,169
February 2013
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by tartarus on Feb 23, 2017 14:03:34 GMT 1, Just got this through by email.
Dear Valued Member,
Paddle8 is once again operating as an independent company. This better enables us to redouble our focus on being the best place for you to find Post-War and Contemporary Art, Prints and Multiples, Photographs, Street Art, Collectibles, and more curated by our expert specialists and offered in benefit, timed, and buy-now auction formats.
Our members are at the heart of our business at Paddle8, and we are committed to offering you outstanding service that deserves your loyalty. Because of you, weโve been able to expand and grow our core art categories over the past six months and have a robust schedule of auctions featuring beautiful and valuable works confirmed for 2017. We will continue to refine our offerings with fresh-to-market collections, as well as making significant improvements to the user experience for both buyers and sellers. Please view our current offerings here.
We look forward to continuing to work closely with you and to hearing from you. Please do not hesitate to contact us at support@paddle8.com.
Sincerely,
The Paddle8 Team
Seems like a good time to get back in touch and ask about your payments people!
Just got this through by email.
Dear Valued Member,
Paddle8 is once again operating as an independent company. This better enables us to redouble our focus on being the best place for you to find Post-War and Contemporary Art, Prints and Multiples, Photographs, Street Art, Collectibles, and more curated by our expert specialists and offered in benefit, timed, and buy-now auction formats.
Our members are at the heart of our business at Paddle8, and we are committed to offering you outstanding service that deserves your loyalty. Because of you, weโve been able to expand and grow our core art categories over the past six months and have a robust schedule of auctions featuring beautiful and valuable works confirmed for 2017. We will continue to refine our offerings with fresh-to-market collections, as well as making significant improvements to the user experience for both buyers and sellers. Please view our current offerings here.
We look forward to continuing to work closely with you and to hearing from you. Please do not hesitate to contact us at support@paddle8.com.
Sincerely,
The Paddle8 Team
Seems like a good time to get back in touch and ask about your payments people!
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Poster Bob
Junior Member
๐จ๏ธ 5,891
๐๐ป 5,525
September 2013
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by Poster Bob on Feb 24, 2017 13:44:52 GMT 1, Has anyone been paid yet?
Has anyone been paid yet?
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phildart
New Member
๐จ๏ธ 130
๐๐ป 35
September 2012
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by phildart on Feb 24, 2017 14:23:11 GMT 1, Was after payment for auctions ended mid january
fully paid last week
i'm based in Europe and was linked to London office
Was after payment for auctions ended mid january
fully paid last week
i'm based in Europe and was linked to London office
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soam24
Junior Member
๐จ๏ธ 1,007
๐๐ป 379
December 2012
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by soam24 on Feb 24, 2017 16:59:29 GMT 1, Has anyone been paid yet?
Should be getting paid on Monday. Will let everyone know.
Has anyone been paid yet?
Should be getting paid on Monday. Will let everyone know.
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soam24
Junior Member
๐จ๏ธ 1,007
๐๐ป 379
December 2012
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by soam24 on Feb 27, 2017 17:25:37 GMT 1, I've been paid.
I've been paid.
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chester
New Member
๐จ๏ธ 81
๐๐ป 12
November 2009
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by chester on Feb 28, 2017 9:17:10 GMT 1, Who were you in contact with? I sold two items in December on P8.com and have not been paid even though my account said they have been paid! Communication awful and no one ever gets back to me. For anyone thinking of consigning I would think carefully.
Who were you in contact with? I sold two items in December on P8.com and have not been paid even though my account said they have been paid! Communication awful and no one ever gets back to me. For anyone thinking of consigning I would think carefully. |
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Poster Bob
Junior Member
๐จ๏ธ 5,891
๐๐ป 5,525
September 2013
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by Poster Bob on Feb 28, 2017 11:22:57 GMT 1, Who were you in contact with? I sold two items in December on P8.com and have not been paid even though my account said they have been paid! Communication awful and no one ever gets back to me. For anyone thinking of consigning I would think carefully.
We look forward to continuing to work closely with you and to hearing from you. Please do not hesitate to contact us at support@paddle8.com or by calling 212.343.1142.
Who were you in contact with? I sold two items in December on P8.com and have not been paid even though my account said they have been paid! Communication awful and no one ever gets back to me. For anyone thinking of consigning I would think carefully. The most recent email that they sent out, included in its entirety earlier in thread, includes the following: We look forward to continuing to work closely with you and to hearing from you. Please do not hesitate to contact us at support@paddle8.com or by calling 212.343.1142. |
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Poster Bob
Junior Member
๐จ๏ธ 5,891
๐๐ป 5,525
September 2013
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by Poster Bob on Feb 28, 2017 13:06:38 GMT 1, Has anyone been paid yet? Ow, where is that sarcastic smart ass " I have been paid in full last week allready" Posterbob post ?? Flipper got caught in the Cove ?  Edward ?  
Has anyone been paid yet? Ow, where is that sarcastic smart ass " I have been paid in full last week allready" Posterbob post ?? Flipper got caught in the Cove ? Edward ? I have nothing listed with Paddle8 dumbass. |
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Deleted
๐จ๏ธ 0
๐๐ป
January 1970
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by Deleted on Feb 28, 2017 16:27:56 GMT 1, very happy to hear that many got paid and best wishes for anyone still owed. Please keep us updated.
very happy to hear that many got paid and best wishes for anyone still owed. Please keep us updated.
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soam24
Junior Member
๐จ๏ธ 1,007
๐๐ป 379
December 2012
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by soam24 on Feb 28, 2017 17:24:15 GMT 1, Who were you in contact with? I sold two items in December on P8.com and have not been paid even though my account said they have been paid! Communication awful and no one ever gets back to me. For anyone thinking of consigning I would think carefully.
PM Coming.
Who were you in contact with? I sold two items in December on P8.com and have not been paid even though my account said they have been paid! Communication awful and no one ever gets back to me. For anyone thinking of consigning I would think carefully.
PM Coming.
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Pattycakes
Junior Member
๐จ๏ธ 1,379
๐๐ป 423
June 2007
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Poster Bob
Junior Member
๐จ๏ธ 5,891
๐๐ป 5,525
September 2013
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by Poster Bob on Mar 7, 2017 11:59:31 GMT 1, Beta Companies House says that Resolve took over on Feb 23, which is before people started to get paid. I would try getting in touch with Resolve directly to state that you're owned money in case they go under. I've included a link below to the filing which includes a lot of information on the takeover:
beta.companieshouse.gov.uk/company/05356001/filing-history
Then click on "27 Feb 2017 Statement of administrator's proposal"
Read more: urbanartassociation.com/conversation/1840570#ixzz4addYnoV0
Beta Companies House says that Resolve took over on Feb 23, which is before people started to get paid. I would try getting in touch with Resolve directly to state that you're owned money in case they go under. I've included a link below to the filing which includes a lot of information on the takeover: beta.companieshouse.gov.uk/company/05356001/filing-history Then click on "27 Feb 2017 Statement of administrator's proposal" Read more: urbanartassociation.com/conversation/1840570#ixzz4addYnoV0 |
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Pattycakes
Junior Member
๐จ๏ธ 1,379
๐๐ป 423
June 2007
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by Pattycakes on Mar 7, 2017 12:53:02 GMT 1, Fascinating to see the list of creditors, I know a few of them, sad situation.
Fascinating to see the list of creditors, I know a few of them, sad situation.
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roisaintlouis
New Member
Dope.Gallery
๐จ๏ธ 255
๐๐ป 63
May 2013
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by roisaintlouis on Mar 9, 2017 12:21:23 GMT 1, Also sold a bit in december, they still owe me a few thousands euros 
Also sold a bit in december, they still owe me a few thousands euros |
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roisaintlouis
New Member
Dope.Gallery
๐จ๏ธ 255
๐๐ป 63
May 2013
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by roisaintlouis on Mar 27, 2017 10:55:00 GMT 1, Does someone here has been paid?
I'm in contact with William Hughes from paddle 8 but answer 20% of the time and the last answer was
"Very many thank for your extended patience and my apologies for the delayed reply. My understanding is that Administrator responsible for the winding down of Auctionata AG will shortly be sharing forms which will enable file a claim to against Auctionata.
It has been my understanding and expectation that such a form and the relevant guidance ought to have been issued last week.
Please notify me when you are in receipt of this form and I will help you where I can should you have any queries that I can pass on to Auctionata for you. "
Does someone knows something else??
Does someone here has been paid?
I'm in contact with William Hughes from paddle 8 but answer 20% of the time and the last answer was
"Very many thank for your extended patience and my apologies for the delayed reply. My understanding is that Administrator responsible for the winding down of Auctionata AG will shortly be sharing forms which will enable file a claim to against Auctionata.
It has been my understanding and expectation that such a form and the relevant guidance ought to have been issued last week.
Please notify me when you are in receipt of this form and I will help you where I can should you have any queries that I can pass on to Auctionata for you. "
Does someone knows something else??
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by Happy Shopper on Mar 27, 2017 11:01:46 GMT 1, How are they still selling stuff and sending out emails about upcoming auctions if they're going out of business?
How are they still selling stuff and sending out emails about upcoming auctions if they're going out of business?
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samuelkl
New Member
๐จ๏ธ 41
๐๐ป 27
March 2016
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by samuelkl on Mar 28, 2017 6:38:43 GMT 1, Auctionata sold Paddle8 to an outside firm during bankruptcy proceedings. It is now operating on its own, separate from auctionata. I think it depends which company the consignor signed their contract with, or which country they are in.
Auctionata sold Paddle8 to an outside firm during bankruptcy proceedings. It is now operating on its own, separate from auctionata. I think it depends which company the consignor signed their contract with, or which country they are in.
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tartarus
Junior Member
๐จ๏ธ 2,628
๐๐ป 2,169
February 2013
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by tartarus on Mar 28, 2017 11:41:01 GMT 1, Does someone here has been paid? I'm in contact with William Hughes from paddle 8 but answer 20% of the time and the last answer was "Very many thank for your extended patience and my apologies for the delayed reply. My understanding is that Administrator responsible for the winding down of Auctionata AG will shortly be sharing forms which will enable file a claim to against Auctionata. It has been my understanding and expectation that such a form and the relevant guidance ought to have been issued last week. Please notify me when you are in receipt of this form and I will help you where I can should you have any queries that I can pass on to Auctionata for you. " Does someone knows something else??
Like i say though, im pretty dam cynical about these things! So hopefully i will be wrong.
Does someone here has been paid? I'm in contact with William Hughes from paddle 8 but answer 20% of the time and the last answer was "Very many thank for your extended patience and my apologies for the delayed reply. My understanding is that Administrator responsible for the winding down of Auctionata AG will shortly be sharing forms which will enable file a claim to against Auctionata. It has been my understanding and expectation that such a form and the relevant guidance ought to have been issued last week. Please notify me when you are in receipt of this form and I will help you where I can should you have any queries that I can pass on to Auctionata for you. " Does someone knows something else?? The cynical bastard in me, is just reading that as "we sent the debt off with auctionata, the liquidators will be in touch with a form so you can claim moneys owed" Sadly that also makes me think you will be lucky to get 5% back from them. I have a nasty feeling you guys will fall below the other creditors when it comes to priority. Like i say though, im pretty dam cynical about these things! So hopefully i will be wrong. |
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Matt
Junior Member
๐จ๏ธ 2,357
๐๐ป 3,449
September 2014
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by Matt on Mar 28, 2017 11:58:26 GMT 1, I would tend to believe you are right tartarus
Reading "paddle 8 is an independent company again" does not mean Paddle8 is simply splitting and resuming business.
The typical approach would be to tank the merged entity (Auctionata-Paddle8) with all the joint debt (and pretty much no assets to liquidate).
At the same time, the liquidated entity sells the Paddle8 trademark for nothing, possibly a bit of the platform IP and/or the list of clients, so a whole new Paddle8 is created in the process.
I would assume the Paddle8 of today bears none of the liabilities of the paddle8 of yesterday which died with Auctionata
I would tend to believe you are right tartarus Reading "paddle 8 is an independent company again" does not mean Paddle8 is simply splitting and resuming business. The typical approach would be to tank the merged entity (Auctionata-Paddle8) with all the joint debt (and pretty much no assets to liquidate). At the same time, the liquidated entity sells the Paddle8 trademark for nothing, possibly a bit of the platform IP and/or the list of clients, so a whole new Paddle8 is created in the process. I would assume the Paddle8 of today bears none of the liabilities of the paddle8 of yesterday which died with Auctionata |
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yobaby
New Member
๐จ๏ธ 408
๐๐ป 254
November 2016
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by yobaby on Mar 28, 2017 12:02:35 GMT 1, The question is, who's brave/stupid enough to consign with these guys in the foreseeable future?
Who's the next best/safest?
Sorry to all of those who look as though they're set to loose out, terrible.
The question is, who's brave/stupid enough to consign with these guys in the foreseeable future?
Who's the next best/safest?
Sorry to all of those who look as though they're set to loose out, terrible.
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Karl Read
Artist
Junior Member
๐จ๏ธ 3,569
๐๐ป 637
April 2008
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by Karl Read on Mar 28, 2017 13:33:03 GMT 1, The question is, who's brave/stupid enough to consign with these guys in the foreseeable future? Who's the next best/safest? Sorry to all of those who look as though they're set to loose out, terrible.
The question is, who's brave/stupid enough to consign with these guys in the foreseeable future? Who's the next best/safest? Sorry to all of those who look as though they're set to loose out, terrible. I have sold through Artnet before with no issues. |
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Poster Bob
Junior Member
๐จ๏ธ 5,891
๐๐ป 5,525
September 2013
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by Poster Bob on Mar 28, 2017 14:21:30 GMT 1, The question is, who's brave/stupid enough to consign with these guys in the foreseeable future? Who's the next best/safest? Sorry to all of those who look as though they're set to loose out, terrible. I have sold through Artnet before with no issues.
The question is, who's brave/stupid enough to consign with these guys in the foreseeable future? Who's the next best/safest? Sorry to all of those who look as though they're set to loose out, terrible. I have sold through Artnet before with no issues. As have I. Artnet is the only safe place to auction off art online at the moment as you're paid before you need to ship and can specify that you'll only accept bank transfer. |
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by sleazus1slord on Mar 28, 2017 17:56:51 GMT 1, Sold a lot in the house sale that closed Feb 28 2017, buyer paid March 13, print shipped directly to buyer (Nevada to Connecticut via ground courier) March 21. I'm expecting to be paid this week, it's a few thousand $$. I work with Alan Zeng for appraisals, and Meghan McCarthy handles my customer service on the consignment side. Here's a quote from an email reply I received from Meghan when I asked her to illustrate a timeline of the process for me;
"We settle consignment payments once a week. Once collection has been confirmed, you will then become eligible for payment. I see your Bank of America account on file so you are set to receive payment via direct deposit.
Hammer fell on February 28th for '*******' and we received buyer payment on March 13th. The buyer payment is what triggers our collection and payment process.
Your ******* '**********' is scheduled to go live in our Street Art sale on April 6th.
You may also track your live consignments by using the "Your Account" > "Consignment" tools by logging into your Paddle8 account.
Please don't hesitate if I can be of further assistance.
Best,
Meghan"
Sold a lot in the house sale that closed Feb 28 2017, buyer paid March 13, print shipped directly to buyer (Nevada to Connecticut via ground courier) March 21. I'm expecting to be paid this week, it's a few thousand $$. I work with Alan Zeng for appraisals, and Meghan McCarthy handles my customer service on the consignment side. Here's a quote from an email reply I received from Meghan when I asked her to illustrate a timeline of the process for me;
"We settle consignment payments once a week. Once collection has been confirmed, you will then become eligible for payment. I see your Bank of America account on file so you are set to receive payment via direct deposit.
Hammer fell on February 28th for '*******' and we received buyer payment on March 13th. The buyer payment is what triggers our collection and payment process.
Your ******* '**********' is scheduled to go live in our Street Art sale on April 6th.
You may also track your live consignments by using the "Your Account" > "Consignment" tools by logging into your Paddle8 account.
Please don't hesitate if I can be of further assistance.
Best,
Meghan"
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alk
New Member
๐จ๏ธ 223
๐๐ป 134
March 2017
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by alk on Mar 28, 2017 17:58:50 GMT 1, I've always had good dealings w P8, even during the mess with AG. The payment during that time was late but I did get it after 2-3 months.
I think they'll pull through.
I have a small piece that just hammered on there, and for the prices they get I don't mind gambling.
I've always had good dealings w P8, even during the mess with AG. The payment during that time was late but I did get it after 2-3 months.
I think they'll pull through.
I have a small piece that just hammered on there, and for the prices they get I don't mind gambling.
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daniel3886
Junior Member
๐จ๏ธ 1,250
๐๐ป 995
October 2006
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by daniel3886 on Mar 28, 2017 19:12:48 GMT 1, I've always had good dealings w P8, even during the mess with AG. The payment during that time was late but I did get it after 2-3 months. I think they'll pull through. I have a small piece that just hammered on there, and for the prices they get I don't mind gambling.
I think you are the exception not the rule. I agree they get some strong results so I can see why they're an attractive place to consign. But for me their reputation is in tatters they owe people money and it's either a priority to put that right or it isn't. Weather they legally have to settle the debts is irrelevant. People put their faith in that name and that name is still generating profit for the owners. I think it's disgusting and I will never buy or consign with them I'd encourage others to follow suit and show solidarity for fellow collectors. Only by their customers exerting pressure on their bottom line will make them notice they're not managing this correctly.
I've always had good dealings w P8, even during the mess with AG. The payment during that time was late but I did get it after 2-3 months. I think they'll pull through. I have a small piece that just hammered on there, and for the prices they get I don't mind gambling. I think you are the exception not the rule. I agree they get some strong results so I can see why they're an attractive place to consign. But for me their reputation is in tatters they owe people money and it's either a priority to put that right or it isn't. Weather they legally have to settle the debts is irrelevant. People put their faith in that name and that name is still generating profit for the owners. I think it's disgusting and I will never buy or consign with them I'd encourage others to follow suit and show solidarity for fellow collectors. Only by their customers exerting pressure on their bottom line will make them notice they're not managing this correctly. |
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alk
New Member
๐จ๏ธ 223
๐๐ป 134
March 2017
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Paddle8 Auctions ๐บ๐ฒ BANKRUPT , by alk on Mar 28, 2017 21:51:23 GMT 1, I've always had good dealings w P8, even during the mess with AG. The payment during that time was late but I did get it after 2-3 months. I think they'll pull through. I have a small piece that just hammered on there, and for the prices they get I don't mind gambling. I think you are the exception not the rule. I agree they get some strong results so I can see why they're an attractive place to consign. But for me their reputation is in tatters they owe people money and it's either a priority to put that right or it isn't. Weather they legally have to settle the debts is irrelevant. People put their faith in that name and that name is still generating profit for the owners. I think it's disgusting and I will never buy or consign with them I'd encourage others to follow suit and show solidarity for fellow collectors. Only by their customers exerting pressure on their bottom line will make them notice they're not managing this correctly.
I give them the benefit of doubt, that they haven't paid consigners due to bad business decisions and not greed. And it was AG that was the cause of the downfall not P8.
And I also believe there is a higher chance of consigners getting paid as P8 becomes profitable. If we all boycotted P8 at this moment i think those consigners with accounts owed will be f**ed.
I've always had good dealings w P8, even during the mess with AG. The payment during that time was late but I did get it after 2-3 months. I think they'll pull through. I have a small piece that just hammered on there, and for the prices they get I don't mind gambling. I think you are the exception not the rule. I agree they get some strong results so I can see why they're an attractive place to consign. But for me their reputation is in tatters they owe people money and it's either a priority to put that right or it isn't. Weather they legally have to settle the debts is irrelevant. People put their faith in that name and that name is still generating profit for the owners. I think it's disgusting and I will never buy or consign with them I'd encourage others to follow suit and show solidarity for fellow collectors. Only by their customers exerting pressure on their bottom line will make them notice they're not managing this correctly. I give them the benefit of doubt, that they haven't paid consigners due to bad business decisions and not greed. And it was AG that was the cause of the downfall not P8. And I also believe there is a higher chance of consigners getting paid as P8 becomes profitable. If we all boycotted P8 at this moment i think those consigners with accounts owed will be f**ed. |
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