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Old 07-04-2008, 09:03 AM
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Default ok Lawyers- Is shill bidding illegal?

Posted By: T206Collector

And I don't really dispute many of these points. For me it comes down to a buyer making a voluntary decision to place a bid for whatever reason he chooses. If I was willing to pay $500 for a card that got shilled from $100 to $495, the only reason I would return the card if I later found out about the shilling was if I thought I must have made an error in my initial evaluation. But even there, the mistake was in the initial evaluation, not the bidding war.

I do think there is some merit to the point that a shilled auction does not reflect true market value as well as a clean auction, since multiple bidders show a more accurate price than just one silly bidder at the top. In that way, shilling rewards irrational bidders and can thus create a fake market.


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