Quote:
Originally Posted by Peter_Spaeth
If the house, or an affiliate or employee, is bidding to win and not to run up max bids it can see (i.e., to shill), then I have no issue with it.
|
The problem is one of intent and motive. Since we cannot judge intent and motive from where we sit (i.e., since we don't know these folks), the prudent thing to do would be for them to refrain from bidding altogether.
Also, bidding to win and then resell in their store lines their pockets. If they win, they get it at a discount (buyer's premium paid from one hand to the other). If they lose, they increase the buyer's premium paid on that lot to them.
Win-win = lose for bidder