It's Closing Night of a Great Vintage Auction

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It's Closing Night of a Great Vintage Auction

View Poll Results: Do you tell them?
Yes	44	37.61%
No	41	35.04%
Maybe	21	17.95%
It all depends (please clarify as a post)	11	9.40%
Voters: 117. You may not vote on this poll

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#12

06-10-2024, 05:52 PM

Casey2296

Is Mudville so bad?

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Join Date: Sep 2020

Location: West Coast

Posts: 5,608

Quote:

Originally Posted by Peter_Spaeth

Of course not. There's no agreement between potential competitors in that case.

I'm not sure I understand the ethical argument here, technically yes, talking to any other person about a listing would be considered collusion.

In reality, it happens more like this.

"Hey, did you see that E-card in XYZ auction?"

"I did, are you interested in it? I know we both collect cards like that."

"Yes, I'd probably be at 2K on it, I have my eye on that T-card in the same auction so that would be my priority".

"I'd probably go 2.5K since I need it for my collection."

"Okay, good luck, I hope you get it."

And the results are usually my buddy overpaying for the E-card and me overpaying for the T-card since there are always other bidders involved, and more often than not neither one of us wins.

Now I could see if all of the potential bidders got together and chose one guy to win like Scott's example link, that would definitely qualify has collusion.

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