Quote:
Originally Posted by bobbyw8469
To play devil's advocate, why would a consignor shill on his own auctions, say to drive up the price $500 when the average selling price is $100?? He knows it will never sell for that price and then he would be stuck having to buy his own item back for quintuple what it is worth. I just don't get it.....
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I've always thought of shill bidding by a consignor or auction house to be similar to an undisclosed reserve. The consignor maybe only wanted to sell it if it got to a certain price -- and if it doesn't, then you have an artificially high market value the next time you look to sell it.