Quote:
Originally Posted by rats60
Disagree. By this logic starting any card with an opening bid of more than .01 is shill bidding. There is very little difference between starting a card with a high opening bid and having a reserve. I have seen cards get no bids or one bid in auctions. I prefer the reserve being posted at sometime before the auction and not remain hidden.
|
If pursuant to the auction rules the house is allowed to open the bidding (which is not the case with some AHs), then in
that instance (
i.e., an opening bid placed to give the impression of actual market interest at that level when in fact there is none), then yes, I would refer to that as a shill bid.