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Old 11-13-2007, 05:36 AM
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Default MEARS effort to help clean up the hobby. REA signs on.

Posted By: barrysloate

That makes more sense. But can every auction house be trusted to reveal that information honestly?

I'm just trying to differentiate between was is theoretically possible in terms of ethics, and what is practical in the real world.

Mears claims they will audit auction houses to determine if any shill bidding is taking place. Couldn't I or anyone else set up a dummy account for Joe Schmo of Hannibal, Mo. (like the cute rhyme?) and have him bid on every lot in the auction? Again, I like Mears' attempt to take accountability to the next level, but I just don't know how practical it all is.

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