Quote:
Originally Posted by theseeker
Or an experienced (shill) bidder will know exactly what to bid up to in order to get maximum return. There is no doubt in my mind that this is taking place. In a closed bidding process my max. bid is $83.63 and along comes another bidder and happens to bid up to $83.50-- $.13 cents shy of my total. Unlikely coinsidence? I think not.
Besides, if an experienced bidder is the only one up against me, he doesn't benefit from this sort of precision-- he could go well beyond my max. bid and find, within a dollar, where I maxed out at and not have to pay a penny more. The seller, on the other hand, clearly can profit, if so inclined.
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How would a shill bidder know your max? What is the auction # so we can see the bidding history. If the under-bidder only bid once, it has to be a coincidence.
Jeff