Is "market pushing" ethical or not?

[ullmandds]

Pete...I totally with your argument so far.

And this is very similar to what Brent told me via email when I questioned one of his auctions building activity. He said while the one bidders activity was quite suspicious he knew for sure that the higher bid was legitimate. So my argument is that in the absence of the suspicious bitter the winning bid would not be nearly as high.

[frankbmd]

Originally Posted by ullmandds

Pete...I totally with your argument so far.

And this is very similar to what Brent told me via email when I questioned one of his auctions building activity. He said while the one bitters activity was quite suspicious he knew for sure that the higher bid was legitimate. So my argument is that in the absence of the suspicious better be legitimate it would not be nearly as high.

It is very difficult to deal with a bitter, better bidder.

[ullmandds]

thats what happens Frank when I talk into the phone at the pool!!!!

[glynparson]

The Bruces were ahead of the curve would love for Mr. Dorskind to be around to hear his perspective on this current situation. He loved his cards but also viewed them as investment commodities. As for Peter's question seems immoral but if they are willing to pay should they win I am not sure it can be considered illegal. I mean there have been times billionaires have proped up their stocks and millionaire artists bought tons of their albums or tickets to their movies to prop up numbers. IF the transactions go thru I see that it is immoral but I would have real problem legally punishing people for this type of behavior. After all it seems like they are willing to put their money where their mouth is.

[Peter_Spaeth]

I deliberately framed the question as one of ethics not legality because, with due respect, there are few things less productive than a lot of non-lawyers giving opinions about what the law should be. See Kevin Quinn pontificating on class actions for example.

I think my feelings about it would be the same whether or not it's illegal. To me, it's artificially and intentionally driving up prices. And it's happening every day, which means it can have an enormous impact.

[glynparson]

an attempt to state what i feel the law should be and hell I'm in court enough i might as well be a lawyer. unfortunate nature of my business. Lol

[Peter_Spaeth]

Originally Posted by glynparson

an attempt to state what i feel the law should be and hell I'm in court enough i might as well be a lawyer. unfortunate nature of my business. Lol

LOL. That came out harsher than I intended, my point more broadly is that I don't see whether or not this practice is illegal as being the issue. Let's assume for the sake of argument it is legal, although I am not saying it is -- that doesn't make it ethical.

[pokerplyr80]

I don't see it as unethical if the bidder is willing and able to buy the card for his bid. I would have a problem with someone bidding it up over another bidder's max and then retracting, or with two more more people colluding to artificially inflate prices.