Paid the upfront fee, and if the auction fails, the money will be gone.
If the upfront expenses exceed10 million, it is usually a company, and its purpose is to collect upfront expenses to make money.
I suggest that whenever a collection company or auction company comes to you in the future, you can pay attention to the following two points:
First, pay attention to its company name first. If there is no "auction", it is a company without auction qualification. China's auction law stipulates that the name of an auction enterprise must contain the word "auction".
Second, when sending lots, pay attention to whether the auction company charges upfront fees. If the upfront cost exceeds tens of thousands, you should return the lot and turn around and leave. So as not to be deceived.