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Old 07-03-2008, 02:16 PM
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Default ok Lawyers- Is shill bidding illegal?

Posted By: Eric Brehm

It's cheating, it's fraud, and I hope people can and will be prosecuted for it.

I too have noticed how often the same exact items are offered for auction repeatedly, typically at different auction houses each time. I can't believe all of these items are being legitimately returned to the market so many times in such a short span of time. Maybe the auction houses are buying each other's items in some cases, but it makes me wonder if they are somehow colluding with each other as well: e.g. if an item doesn't sell at House A at one bid above the shilled price, House B agrees to list it in their next auction to avoid arousing suspicion if House A were to list it again. And the phony 'sale' at House A sets a new false standard for what the item is 'worth' when it is offered by House B.

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