View Single Post
  #90  
Old 08-17-2012, 11:47 AM
SMPEP SMPEP is offline
Member
 
Join Date: Jul 2010
Posts: 880
Default I said I was in the minority!

I knew I'd be in the minority on this one!

In my opinion ... if there are two legitimate bidders above a shill bid ... eh. The are two other bidders would have pushed it to the same price any way. There was no change in the eventual sales price.

When the underbidder is fraudulent ... then yes, we have a problem ... because the high bidder would not have had to pay his highest price. So the $475 bid is a bit more concerning, because I see your concerns about the actual underbidder. (There could have been two shill underbidders in that auction, in which case the winner was defrauded.)

Cheers,
Patrick
Reply With Quote