Quote:
Originally Posted by Leon
Let me make it simple to understand. Lets say you have a snipe set of $100. There is a legitimate bidder at $50. Then there is a snipe shill bid by the sellers friend at $95. That shiller isn't going to buy it he just wants to run up the price. His snipe (fraudulent shill) goes off at $95. So your snipe goes off and you win at $100. How would you feel now?
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I would feel the same as if I did a Buy It Now for $100 only to see a similar item sell for $50 the next week. I would feel like I overpaid. But I'm with Al - it doesn't matter to me if the price was driven up by a shill or a hidden reserve - in my mind, an item shilled to $100 was never really available at $50, and if I paid $100 for it, that's what it's value was to me at the time.