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Old 10-30-2003, 09:03 PM
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Default Why is shill bidding so bad?

Posted By: marty

"Ask Adam. Ask Bob. Because it is illegal. Prima facia. To ask such a question, even rhetorically, at a minimum demonstrates a disconnect regarding the auction process. At worst case, an ethics problem."

Making an agreement not to bid openly for an item is ALSO illeagal. This is a form of bid rigging.

"Bid rigging also takes many forms, but bid-rigging conspiracies usually fall into one or more of the following categories:

Bid Suppression: In bid suppression schemes, one or more competitors who otherwise would be expected to bid, or who have previously bid, agree to refrain from bidding or withdraw a previously submitted bid so that the designated winning competitor's bid will be accepted."

This is taken directly from
LINK

Bid Suppression is just as illegal as shilling.

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