Auction Bid Regret - Net54baseball.com Forums

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04-30-2014, 04:25 PM

djson1

J@son.K

Member

Join Date: Dec 2012

Location: California

Posts: 415

Quote:

Originally Posted by joed25

I always wonder this when I bid in the auction houses if they shill. I'm curious what the members on this forum think about this.

I believe the house bidding is legal, especially if they disclose it in the terms and conditions. Think of it as the house bidding on behalf of the consignor to move it closer to the reserve. Because if the house didn't bid and it didn't get to the reserve, well, there's no trade anyways. But the house is also aware that by doing that, they are risking scaring away the top bidders.

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