My instinct is against consignors bidding on their own lots, but on the other hand what is the difference I wonder between a hidden reserve of X on a lot and the consignor placing a bid of X-1 increment? Either way, you can't win the card for less than X, and the consignor gets it back if the bidding doesn't go that high.
Of course in a sense none of these things we are debating matter much. If an auction house wants to, it can ask a friendly third-party to do its bidding, and if a consignor wants to, he can ask a friend.
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