Quote:
Originally Posted by danmckee
I spoke to Bill on the phone tonight, he guaranteed me that they cannot see who is bidding or how much. It is just a misunderstanding.
Like if he or one of his employees bid, they really couldn't see the bid history or the ceilings, they would just be like another bidder.
Dan
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Misunderstanding? Bullsh*t! It does't matter. The fact the he or any employees are bidding is a complete conflict of interest and incredibly unethical. Let's say I enter a max of $1000 on a item and it is sitting at $400. He could jump in and bump it to $600. He is making a profit on the buyer's premium from that $2000 bump. None of the other bidders are in a position to generate revenue from bidding.