Quote:
Originally Posted by Leon
I agree AH's shouldn't be able to bid in their own auctions. That said, and as devil's advocate.....and beside the point they get to see the bids (my main reason they shouldn't be able to bid as well as paying commissions), why? If I am a consignor and you bid 1000 and the AH bids 1100, why is that bad for me? I am getting more for my consignment. Again, just being devil's advocate. I absolutely agree though.
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I'm not suggesting that fraud/AH's bidding on their own lots while seeing the bidding hurts the consignors. It will keep rich guys who may want to invest heavily in the hobby away, because they know these are not true auctions but instead just give the appearance of chance when in truth the AH's are fixing the bidding when they deem appropriate. And while the consignors may win in the short term with this sort of AH fixing, in the long run we all lose because keeping out major investment dollars from the hobby will keep values down.