Shill Bidding
I am little confused about all of this shill bidding. I have never bought from Rick but have seen many of his auctions. Seemed like some pretty strong prices but also looked like real nice stuff. If I understand everything from this thread, people consign items to him for various reasons and then (the consignors) bid on their own stuff to hopefully jack-up the prices. If that is the case, and the bidder wins his own item, isnt he legally bound to purchase his own item? Even if you get lucky and bump up the prices on 90% of the things and only occasionally buy back your item, this seems like an extremely reckless thing to do especially if it is big ticket item. Perhaps I am just naive but this just doesnt make much sense to me.
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