Yep.
Anyway, on this one I wasn't going to drive 2 hours to turn up an say "nah, mate!"; the issue was not about paying, but about paying in advance with no SNAD protection.
The auction houses allow (or even expect) you to pay in person on collection, thereby saving the hassle of dealing with couriers.
However, if I turned up and it had a neck like a banana, I would not have gone ahead with it, of course.