Quote:
Originally Posted by Peter_Spaeth
If two SELLERS had colluded (for example by agreeing not to run the same cards against each other, to concentrate all the bidding on one) people would be screaming fraud. But two buyers collude to keep the price down, and thereby cheat the seller, and nobody seems to care. Interesting.
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Peter, I thought of it more as this situationally speaking. A lot is going to go for say 1000 dollars. I only want about half of the cards and would spend 500 but would not bid to 1000. Someone else is in the same position with the other cards in the lot, so we split payment on the 1000. If we didn't have each other neither would have bid on the lot, so isn't 1 bidder better than none?