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Old 10-31-2003, 12:56 PM
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Default Why is shill bidding so bad?

Posted By: jay berhens

Nice in theory, but not realistic. As was pointed out, even if 2 or more people get together and agree not to bid on something so that someone else can win the itme, this does not mean that another bargin hunter will not swoop in and try to steal the item for themselves. For bidders to have any real impact on an auction, all interested parties have to be involved in the bidding, or nonbidding as it were.It's only takes 2 bidders to run up the price.

Shilling takes only one person in collusion with the seller to help drive and control the sale price. The seller doesn't need the help of every bidder to pull of his scam.

Jay

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