Not to distract from the interesting legal discussion on the table currently (Rob - that might be the best pop-culture reference on topic I've seen in a while), but I'd also like one other question answered:
Quote:
Originally Posted by Heritage Sports
The issue is not when the bid was placed, although placing the bid early without knowledge of any other bids on the item is an important distinction, the real issue is the intent. We are placing a bid at which we are willing to pay for the item. Shill bidders are bidding on material with no intention of winning or paying for the item, simply with the intention of pushing up the prices. If we win the item, then we pay for the item with the buyer’s premium included and most importantly: The consignor is paid for the item at settlement.
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Thanks for responding. You said you pay the BP on lots you win, thereby removing any advantage you would have in the bidding. Who do you pay the BP to?