Quote:
Originally Posted by Peter_Spaeth
I'm changing my assessment based on real time information, that is the 120 bid which I presume to be in good faith. This isn't rocket science and my thinking is not convoluted at all.
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In your example, the shill bidder is signalling the asset is worth $120. YOU are the one coming up with the $130 price.
It is convoluted to say $130 from a dealer (also a real-time offer) is too high, but the same price for the same item is not.