Auction Item returned to seller. This ever happen to you?

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#12

03-23-2011, 07:23 PM

Peter_Spaeth Peter_Spaeth is offline

Peter Spaeth

Member

Join Date: Apr 2009

Posts: 34,102

Quote:

Originally Posted by ksabet

Lastly I am not sure but I don't think a single auction house would purchase items from consignors due to non-paying bidders as a rule of thumb, if this was the case it would promote shill bidding even further as consignors could drive up the price and know the auction house would bail them out.

.

I don't understand this point, if the consignor wins the lot due to his own shill bidding then there is no one to pay or to bail out? Maybe i am missing the point.

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