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Originally Posted by teetwoohsix
Daryl, are we talking about the same issue here or what?  
I don't expect anyone to "spread the wealth". That's nonsense.
Can someone please explain to me why shill bidding is wrong? I mean, a seller is just trying to maximize his/her profits after all, right? It's not like you have to bid in the auction, right? If it goes undetected, the reflective prices don't ever set a precedent, do they? Isn't it just capitalism, and the American way?
Sincerely, Clayton |
Shilling is fraud; the shill bidder has no intention of winning the auction. A "hoarder" is winning auctions at ever increasing prices as supply diminishes and, as said earlier, those prices go back down when they are sold again as supply increases.