Quote:
Originally Posted by drcy
I think there can be situations of bidder collusion to suppress prices, but there also situations of two friends who pool together their funds to win a lot neither could afford on his own. There are also situations of "I have no interest in all 150 of the cards in the lot and wouldn't place a bid, but if you win it I'll buy from you the three cards I need to finish my set." I don't consider the latter two examples of collusion.
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Larry said he would have bid up to 20k, but reached an agreement with the other guy not to bid, so it doesn't sound to me like this is either of the latter two examples. At least that is how I interpreted the hypothetical. Fine line though.