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Old 06-19-2006, 10:55 AM
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Default Mastro Auctions Investigated for Shill Bidding

Posted By: Frank Evanov

I think the key "new" news here is:

"...Mastro Auctions, Weglian and Brandt say, may have engaged in shill bidding and other questionable practices that resulted in inflated prices and auction house commissions...."

It seems in the Noe investigation, this evidence turned up and now:

"Weglian says his office will turn its focus on Mastro Auctions after Noe's state court trial in October"

Having read many posts over the years about bidders complaining that their Mastro bids always seemed to end at their "max", I think we should all follow this investigation closely.



Frank

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