Quote:
Originally Posted by Mark17
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.
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Once I see the 120 bid, I am indifferent between winning the auction or the BIN. You are unfairly comparing my views in different timeframes.