Quote:
Originally Posted by Snapolit1
How is this any different from me just asking my best friend to push my card into the millions and stop just a dollar before the undeclared reserve price. Lets see if we can get someone in the hook and reel him in. No one would be defending that as ethical. Why is it any different if the auction house is doing it. I’d say it’s even worse.
Even though it says in the fine print that this could happen, me as the bidder of course has no idea whether or not it’s a legitimate bidder on the other end.
I would think any bid on an auction that is not intended in good faith to win an item is a fraudulent bid.
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Not much difference, in terms of the impact but in one case the house is telling you that is what is happening and in the other it lacks the disclosure. In my opinion there is a lot of both instances going on in these auctions. Know what you want to pay and be willing to walk away empty handed.