hypothetical major problem with well respected board member

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01-26-2015, 05:42 PM

edhans

Ed Hans

Member

Join Date: Apr 2009

Location: Buffalo, N.Y.

Posts: 1,370

Quote:

Originally Posted by Peter_Spaeth

I disagree, strongly. Even two buyers agreeing not to bid against each other is collusion and has a potential impact on price. Are you suggesting that if Ford and GM conspire to fix the price of cars, that isn't illegal because Toyota isn't in on it?

Exactly what is the difference between this "bid rigging" and two (or more) friends who agree to buy a lot and divide it up? If my friend an I each want a few cards in a lot, are we really obligated to bid each other up? Sorry to appear dense, but I'm obviously missing something.

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