Quote:
Originally Posted by Bugsy
Josh, it doesn't matter whether or not you or Bill know the amount of the max bids, it is still shill bidding. Bill's participation in the bidding not only inflates the final sale prices, but also increases the house's take on the buyer's premiums. Every time Bill bumps a lot, it increases how much Huggins and Scott pocket on the buyers premiums. That is exactly the point.
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You keep making the assumption that the bids raise the price and they don't win. If they win the lot they essentially lose the house take and need to pay the consignor out of their own cash.
Eric