Quote:
Originally Posted by mickeymao34
i believe some shillers shill because they don't wanna lose they're pants off. AH's set reserves at crazy low reserves. This is indeed not in favor of the consignor. AHs only care if item sells b/c bottom line is they still come out with a consignment fee and the only loser is the consignor.Perhaps a solution to this may be letting the consignor set his/her own reserve. At least that would eliminate those shillers who shill to avoid a loss. Its better for the consignor to buy they're own items back than take a loss and letting consignors set the reserve might solve that.
|
Shilling can be a viable strategy for consignors, but shouldn't be allowed by the AH's in fairness to the other bidders. If you're a consignor, get a decent reserve or minimum bid or find some other way to sell your items.