[Archive]

Posted By: MikePugeda

If the idea of disclosure is to minimize shill bidding, don't you think that if a company is going to shill, they will do so regardless of disclosure. Surely it is not that difficult to have friends or phony accounts set up to bid on said items.

As has been stated before, it all boils down to trust. Leon and Scott seem to be stand up guys and I won't hesitate to bid in their auctions.

I can understand the concern Steve expresses, and it is valid, but until given reason to doubt, why always focus on what could happen. I'm sure every board member has bid on at least one item that has been shilled, whether it is obvious or very discreet.

Steve, do you really have such concern over Scott and Leon owning undisclosed lots (and potential for shilling)that it would prevent you from bidding in their upcoming auction?

Mike