Quote:
Originally Posted by sports-rings
with all this talk of shill bidding, I'm so glad I don't provide auction houses my max bid. It's like leaving a stranger a key to your house.
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If you've ever made any significant number of maximum bids with Mastro, you can be fairly certain you've been the victim of shill bidding if the following sequence of events transpired: (1) the auction is in the wee hours and winding down; (2) you are the high bidder at a price level significantly lower than your max bid; and (3) all of a sudden there is an incredible flurry of bids oh-how-so-coincidentally right up to but not over your max bid. You've just been "cha-chinged" up to your max by the master of the trade! Caveat Emptor--be aware that Mastro was not the only prominent auction house employing such slimy measures.
Regards to all, and to Jeff: Don't hold back--tell us how you really feel!
Larry
PS: Great letter, Adam.