Quote:
Originally Posted by slidekellyslide
Is it still okay if I'm only bidding on it because I think it's going too cheaply and I might be able to sell it in a different venue for more money?
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That sounds like a hidden reserve, which I personally don't mind. How is it any different than starting the auction at a minimum bid? Granted, the latter would be cleaner.
To be clear, I think shill bidding -- that is, placing a bogus bid whose only purpose is to bump a different bidder to a higher level -- is wrong.
is it a perfect distinction? No, probably not. Can one posit examples where the effect is going to be similar? Probably. But to me intent does matter, and placing a bid with intent to win feels different from placing a bid with the intent to run someone else up.