Hi Guys, I normally post on the football board, hope you don't mind me jumping in... Here are 2 scenarios:
Case 1: Card has market value ~100, high bidder at 80 with hidden reserve at 100.01
The card would have sold for 80 except the owner of the cards jumps in with a schill bid of 99.99
This is basically the OP's case - cheated out of 20 bucks in my scenario. The amount doesn't matter - it's illegal, immoral, etc. I get it.
Case 2: Same as Case 1, except schill bidder gets aggressive and bids 104.99. Now he wins!
What happens next? Does he say: "Um, excuse me Mr. Consigner, I accidentally won my own item, can you please auction it again?" How awkward would that be? And even if the consigner had no ethics, how would the consigner know it isn't a sting?
Does the schiller just quietly buy his own item? Let's do the math. Say he paid 95 originally, 104.99 + 3.50 shipping, so he's up to 203.49. But he gets a consignment check for 104.99*.88 = 92.39. So he's out 111.10 on the card now. If he sends it in again and gets say 110 on the second attempt - he still loses. Plus he paid to ship it in twice which I didn't even count. Is it worth it? Might it not be more rational to let the card sell on its own (legally) rather than play this schilling game?
If anyone out there isn't already burnt out on this toplic, thanks for your thoughts.
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