The administrator of the collapsed auction house Mossgreen is refusing to return consigned goods to more than 1,000 collectors unless it is paid maintenance fees totalling more than $1.4 million.
It comes after Mossgreen, renowned for selling artwork and rare collectables, went into voluntary administration in December.
The latest development more than triples the number of people set to lose money in the collapse.
In January, collectors who still had goods being held by the company were told by the administrator, BDO Australia, that the items were not part of Mossgreen’s assets and would be returned to them after a stocktake was carried out.
But last week, BDO Australia sent a letter to consignors saying they would need to pay a levy of …
Read the full article at: http://www.radioaustralia.net.au/international/2018-02-17/mossgreen-auction-house-administrator-tells-collectors-to-pay-up-to-get-their-goods-back/1736798
