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  #1  
Old 08-19-2012, 08:20 PM
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Peter_Spaeth Peter_Spaeth is offline
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David I don't see the difference. Case 1, there is an opening bid of 500, or a reserve of 500. You win if you bid 500, you lose if you don't. Case 2, an auction that looks absolute but is really shilled, you win if you bid 500, you don't get the card if you bid less. Same difference. Of course, IF it's an absolute auction you could win it for less without the shill, but you are fighting the hypothetical.
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Old 08-19-2012, 08:24 PM
vintagetoppsguy vintagetoppsguy is offline
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Quote:
Originally Posted by Peter_Spaeth View Post
David I don't see the difference.
You don't?

Quote:
Originally Posted by Peter_Spaeth View Post
Of course, IF it's an absolute auction you could win it for less without the shill.
I think you just explained the difference.
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Old 08-19-2012, 08:27 PM
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Originally Posted by vintagetoppsguy View Post
You don't?



I think you just explained the difference.
I was not comparing an absolute auction to a reserve auction, only pointing out that the effect of the "shill" is simply to convert it to a reserve auction.
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Old 08-19-2012, 08:39 PM
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Peter,
I can see your point and I guess there is really no difference if you are willing to accept and operate under the principle that there may always be factors at work, market driven and otherwise that will ensure that nothing sells under a certain price. IOW all auctions are really reserve price auctions even though they may be dressed up as something else.
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