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Posted By: Jeff Lichtman

Barry, you talk about an honor system amongst auctioneers but how can you realistically expect anyone to believe in such a thing when you've got one guy running a business whose prior vocation was multi-million dollar fraud, another company subject of an FBI probe for fraud and countless others in which anecdotal proof exists that shill bidding goes on? You're right: if you trust the guys who run the auctions you'll be ok -- but even some of that trust is misplaced.