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HarryMany of the major dealers in our hobby started out as collectors (Mastro, Lipset, Sloate, Smolin, etc.) and I am sure that many of them still actively collect.
In any auction situation there has to be lots of trust between the auctioner and its bidders and consignors. I would think that this specific situation is just a small part of the total trust that must exist.
I would much rather have the dealers be up front about bidding in their own auctions than for them to have a "acquaintance" bid for them which is basically the same thing.
As long as the bidding is done in a way that there is no unfair advantage, I am OK with it.