1.) HOC pays the Buyer's premium on each lot they win.
2.) They bid on a small fraction of lots in the auction. Primarily for the needs of their storefront or frequent customers with wantlists. There is no nefarious plot to artificially drive up prices so that no one can't get good deals.
3.) Peter Spaeth is correct. It's all about intent and motive. It is also about trust. If you think something is amiss (which I assure you in this case there isn't), place a maximum bid (as stated earlier in this thread) and stick with it.
For those who are truly interested and want to discuss this in a cordial manner, the owner's have generously offered to discuss this personally. The phone numbers are posted earlier in the thread.
James Feagin
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