Quote:
Originally Posted by ibuysportsephemera
Sorry, but I disagree with the comments about bid rigging, reverse shilling, collusion, etc. I don't think these terms apply at all to this discussion. If the 2 bidders in this discussion were the only 2 bidders then all of those descriptions might apply. However, as I read the OP's first post, he said that 2 people agreed not to compete against each other in an auction that presumably could have had many more potential bidders. They did not control the rest of the bidders so there was not guarantee that their partnership would be successful. Just my 2¢.
Jeff
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I disagree, strongly. Even two buyers agreeing not to bid against each other is collusion and has a potential impact on price. Are you suggesting that if Ford and GM conspire to fix the price of cars, that isn't illegal because Toyota isn't in on it?