Quote:
Originally Posted by botn
Brent needs to define what he means by a bidder cannot bid on items he has consigned. How is he able to discourage that or even stop it? What about a bidder's BFF? So I have my doubts id rule one is adhered to. As to rule 2 only he would know if the massive volume of retractions are being done by the consignor (see question as to rule #1). As to rule 3, only Brent would know if items are all actually being paid for.
With that said, the government made their whole case against Mastro Auctions based on the sheer volume of shill bids permitted to be placed by consignors or consignors friends and families. It was not so much that the house was doing it but that they permitted "artificial" bids to be placed. Bill is in prison for this. Doug is going shortly and possibly Mark and countless others dropped considerable amount of cash having to lawyer up so they did not end up in the same place.
I would say Brent is in a pretty dangerous spot should the feds read this and decide to take a look around. This might be a great time to lose one's hard drives and back ups.
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I had to point out a bidder bidding on their own item to Brent. He has so many items on at a time I am sure he does not review bid history on every item. When I did point out to him that the item was bought by bidder A, then Brent put it up for sale for bidder A and bidder A was now high bid on his own item he retracted his bids. It was blatant but he did take it down.