Fine Art - Hammer Falls. Settlement Shouldn't Take a Week.
Auction house payment operations manage inbound buyer payments from dozens of countries and outbound consignor settlements on compressed timelines.
- Post-auction settlement windows (typically 7-30 days) create consignor cash flow pressure. Tight timelines require efficient payment collection from buyers.
- Buyer payments arrive from 50+ countries with varying correspondent banking efficiency. International wire transfers create unpredictable settlement timelines.
- AML/KYC requirements intensifying—payment infrastructure needs clear audit trails. Compliance documentation requirements growing more stringent.
- Guarantee and third-party financing arrangements add settlement complexity. Multi-party payment flows require sophisticated coordination.
- Stablecoin relevance: faster buyer settlement enables faster consignor payment, immutable transaction records support compliance. Modern settlement infrastructure can compress payment windows and strengthen audit trails.
Auction house payment operations manage inbound buyer payments from dozens of countries and outbound consignor settlements on compressed timelines. When buyer wire transfers from certain jurisdictions take 5-7 days to clear, consignor payment timelines extend. Modern settlement infrastructure can compress these windows.
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- London
United Kingdom - Email
hello@luxurycommercepayments.com