Quote:
Originally Posted by benjulmag
I agree with this point. Regardless whether the AH is the party entering the bogus bid, the objective is the same -- to induce the bidder to believe a bid reflects genuine market interest from a "real" bidder. The only distinction between this practice and "regular" shill bidding is that this practice is forewarned in the auction rules as allowed to take place. As I stated in my original post (which for some strange reason -- senior moment?  -- refers to AHs as HAs), I regard this distinction to be unconvincing. |
Why don't the AHs just indicate there's a frigging RESERVE on the lot and either tell what it is or at least indicate when the reserve price is met.