Quote:
Originally Posted by atx840
Thanks guys, I think we are in agreement that it can be quite shady and yes if they bump but don't win they WIN on the consigners fee + the BP. We will never know.
one tiny thing Jason - "if they can get a $1200 item for $1100" how would they get something at $1100 that you and I couldnt? Saving on the BP or consigners fee? If they are then that savings hurts H&Ss profit by $100, so no advantage.
all around they should just stay out of it, go bid on everything else out there.
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I guess we're just nitpicking now since we all agree that it ain't right, or at least some of us agree.
The advantage is that they now have the item. Profit isn't realized until that item is sold. We'd have to track the item until it is finally sold to decide where the profit was won or lost.