How would someone shilling for a friend (or themselves) know how high to go without purchasing the item?
I get how Mastro could be "protected" in their shill bidding because they could conceivably use someone's max bid against them.
How would I know if a $10,000 item was shilled up to $15,000 that someone would bid one more than me? Wouldn't there be ample times when I would get stuck, as the shill bidder, with the item?
Or were most shill bids up to a reasonable price and not way above market prices?
Rob
Last edited by trobba; 01-28-2016 at 11:10 AM.
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