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04-12-2007, 06:18 PM #1
- Join Date
- Jan 1970
- Posts
- 1,433
Re: auction houses and their own items?
I agree that, with shill bidding by whomever and for whatever reason, you can determine the financial value from the sale, nor even know if the item sold.
That was the old problem with eBay auctions with private bidding-- you couldn't know if even one of the bids was legitimate. I automatically ignored all the realized prices. Only a fool would take them as gauge of market value. With open bidding, you could at least say "I know those bidders. They're legitimate collectors of that kind of stuff."
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04-12-2007, 06:33 PM #2
Re: auction houses and their own items?
if shill bidding were actually legal in nevada, don't you think every single auction house in the country would relocate to nevada?
hypothetically speaking, even if it were somehow "legal" in NV then it's ultimately irrelevant because they'd be indicted on federal offenses anyway.
lund, whoever told you that was either having some fun or is woefully misinformed. you asked what stops them from throwing in false bids. quite likely it's their desire not to go to jail.
rudy.