REAs " Honest Auto Bid (TM) "
In REAs catalog they make the following statement...
"Bidders in many auctions are under the false impression that the privacy of their bids is secure. With the exception of EBay and Robert Edwards Auctions, ALL AUCTION HOUSES CAN SEE EACH AND EVERY MAXIMUM BID THAT BIDDERS PLACE. The auction houses have never claimed otherwise. In the absence of utilizing the Honest Auto Bid style , THERE IS NO WAY FOR THEM TO NOT HAVE ACCESS to the maximum bids when they are placed"
This is a strong statement. I was under the impression auction houses had the ability to adjust the software so max bids could not be seen.
There are many owners of auction houses on this forum. I invite their comments.
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