Quote:
Originally Posted by Hankphenom
I thought AH's prohibited consignors from bidding on their own items. How is the AH doing it for them any different?
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It's legal and understandable, IMO, if the hidden reserve was agreed to with the consignor before the auction started. If not, it's effectively shill bidding. The auctionhouse is tasked to sell the item for at least the minimum the seller will accept when the seller sets a reserve. If the card sits there at $400,000 for a couple of weeks, then it most likely won't sell at/above the reserve at the end.