This looks interesting indeed

[Jaybird]

I think I'm done beating this horse. Last point other than to say that I won't be bidding at H&S anymore.


Bottom line, an item is worth a certain amount of money. H&S bidding on their own items allows them to bid up items close to that value. If an item is too low, they bid it up until it gets closer to the real value. If they lose, great. They get all the fees, etc. On the other side, if they win, they still get an item near the value of the item and then resell it on HOC. Even if they break even or lose at HOC, they can declare that loss or break even. I'm sure they make up any break even or loss (of which I don't think there is any) by all of their "losing" bids.

Let me make it clear that I don't know how many items they are bidding on. But I'm sure it is judicious and calculated. They aren't going to go crazy and win items way over value. They are going to get them right up there near the value that they think they can sell them for on HOC. But, if they can get a $1200 item for $1100 and then resell it for $1200, they make $100. If a buyer wins the item at $1000 (one increment lower), he breaks even.

I don't see how this can be a level playing field and I ain't playing on it anymore.