Quote:
Originally Posted by mark evans
I may be the only collector out on this limb, but I am inclined to think that the Mastro prosecutions will serve as a significant deterrent against systemic conspiracies between auction houses and consignors to shill bids. I think shill bidding by consignors and their confederates may be tougher to eradicate. Here I think auction houses would be wise to engage in some form of self-regulation that includes industry standards and efforts for identifying and ferreting out shill bidders.
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People go to jail for insider trading too but doesnt stop anything.....as long as there is money to be made....the tv show american greed will always have new stories to tell