Posted By:
Larry P.I would assume that many major auction houses de facto shill bid. In fact, several state in the auction rules that their own employees and representatives can bid on items in the auction.
In my mind this is tantamount to allowing shill bidding. Many other types of auction houses allow this as well, so it is a common practice throughout the auction industry. As a bidder, I don't like it one bit, but is it cheating, if the rules allow it? Or is it even unethical?