Quote:
Originally Posted by Mark17
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.
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.
|
The difference to me is that inflated fixed prices are rampant, people tend to ignore them, whereas in the context of an auction, bidders (rightly or wrongly) assume all bids are made in good faith and not for the purpose of sending a false signal to the market.
So if I saw a BIN of 130 I would probably think oh eff the seller, whereas in an auction if I saw the current bid at 120 I might well think oh the price of this card is going up I guess I should go to 130.