Former owner of Ivey-Selkirk Auction House ordered to pay $1M to - KMOV.com

Former owner of Ivey-Selkirk Auction House ordered to pay $1M to customers

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The former owner of Ivey-Selkirk Auctions and Appraisals pleaded guilty to felony theft charges and was ordered to pay more than $1 million in restitution to customers. The former owner of Ivey-Selkirk Auctions and Appraisals pleaded guilty to felony theft charges and was ordered to pay more than $1 million in restitution to customers.
ST. LOUIS, Mo. (KMOV.com) -

The former owner of Ivey-Selkirk Auctions and Appraisals pleaded guilty to felony theft charges and was ordered to pay more than $1 million in restitution to customers.

For years, several people have claimed the St. Louis based auction house sold their items but failed to pay them hundreds and even thousands of dollars. As part of a plea deal, former owner Malcolm Ivey must now pay more than $1 million to 224 customers and four previous employees.

Sherry Miles said she sold nearly $1400 in jewelry to the now closed auction house and has paperwork documenting the transaction. Like numerous others, Miles said she attempted to contact auctioneers for answers about her missing payment, with no avail.

"I can't tell you how many times I've called," said Miles. "They just would not return my phone calls."

Ivey brought a cashier's check worth $110,000 to his court hearing to start paying back customers. A judge ordered him to make monthly payments toward the remainder of his restitution as a condition of his probation.

Ivey was also sentenced to serve 120 days of shock incarceration, with 60 days in the St. Louis Department of Justice Services and 60 days of house arrest.

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