Quote:
Originally Posted by egbeachley
There should be no comparison to the Mastro shill bidding. While the intent there was also to raise the price, bidding was done with knowledge of the high bid amount. So let's toss that thought aside.
As far as bidding some amount to raise the price, with no knowledge of the high bid, without intending to win, but paying if you do win, no retractions allowed........ I don't even think it is immoral or unethical.
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That is not accurate. You should read my earlier post on this. In the Mastro case the government would consider your example as shill bidding. Having knowledge of the high bid is not a requirement for being a shill bidder.