[Archive]

Posted By: peter chao

It's the shady side of business, I don't think you really want to know the details...but to protect a Net54 member...

Here it is in a nutshell. There is no law that forbids an auction house from bidding in other auctions. If they have an auction two months later, they can simply buy up similar stuff from Ebay and other auctions. It would be an artificial way of increasing the market price.

Then when their auction came up people would bid higher than they should.

Peter