Posted By:
T206Collector...in favor of shill bidding, and please don't confuse argument about the market implications of shill bidding as being in support. It's like that old cross examination joke: "So, T206Collector, how old were you when you decided to become a shiller?" Never have -- I understand that it is illegal, and I
agree that it should be considered fraud if not reported as a condition of or legitimate possibility during an auction.
That said, I finally got a market-based response that one high bidder doth not a market make, and in that I think is a very good argument that true value is what more than one irrational or "silly" actor is willing to pay for a scarce item.
Edited to add "il" to "legal"