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#11

08-14-2008, 01:11 PM

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Funky Exhibit Auctions

Posted By: Matt

Dave - I would imagine there is a fee to consign whether the reserve is met or not that would cover the fees.

The better question is why would roomn8 allow this as it seems to be "market shilling." Let me define:
Market shilling is the practice of creating false demand for a card in hopes of driving up a future sale price in another auction or sale. It is a term I just invented. I'm sure there is some more correct term for it. Hypothetically, the owner of the card, lists it with an insanely high reserve, then shills it up for the purposes of:
1) Exposing how high the other bidder is willing to go
2) Creating a false sense of demand for the card

If roomn8 knew that the reserve prices were way to high is it OK to play naive as to why the seller would do that?

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