Quote:
Originally Posted by Peter_Spaeth
That's circular reasoning, no?
And your example is very different from mine and you know it, in mine people are putting in bids hoping they don't win, for the purpose of driving up the price. Classic market manipulation in my opinion. Making bidders think someone else really wants the card at a higher price.
|
If a card is at auction and a shill bidder bids $120, the message he's sending is that the card is worth $120 to him. He is hoping someone will think it is worth $130, but he is not telling people that.
However, if a dealer lists a card at $130, he is saying that is the price it will take to acquire it from him, implying that is its value.
Quote:
Originally Posted by Peter_Spaeth
Whether it's OK or not is a different question of course, my only point is under those circumstances I would question whether the final price is manipulated or not.
|
Shill bidding is not an acceptable tactic. But a shill bidder is hoping to get someone to pay $130 for that card. A dealer revising his ebay listing, jacking their ask price up to $130 is trying to get someone to pay $130 for the card. Either way, if someone is looking at that card and willingly decides he will pay $130 for it, then there you have it.
Examining the motivation of an under bidder in an auction doesn't change the reality that the card voluntarily transacted at $130.