How do we know that this is not going on today?? We see it on ebay with bidders that have numerous bid retractions, and i am sure it is happening in other auctions as well.
Guess the big question is how do we assure that the consumer/bidder is protected in these auctions??
Should there be an independent council that monitors the big auctions?
Should the duration of bidding be shortened to 2-3 days max not 5 weeks?
Looking forward to other suggestions??
Maybe some auction houses can even suggest how do we make sure that our bids are not being shilled.
__________________
Ruben
|