08-19-2012, 08:12 PM
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Bi11..R0berts
Member
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Join Date: Feb 2010
Location: Michigan
Posts: 1,135
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Quote:
Originally Posted by Peter_Spaeth
Your example seems different from mine where the seller has made a predetermination that he will only sell for $5000, and so in effect places a hidden reserve at that level through a shill. If someone is just encouraged by my $3500 bid to see if I will go higher, that seems different, but I haven't completely thought it through, I may be on a slippery slope myself perhaps.
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Fair enough, it certainly can get slippery.
Good night, gentlemen.
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