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Go Back   Net54baseball.com Forums > Net54baseball Main Forum - WWII & Older Baseball Cards > Net54baseball Sports (Primarily) Vintage Memorabilia Forum incl. Game Used

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Old 06-03-2012, 05:57 AM
Splinte1941 Splinte1941 is offline
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Quote:
Originally Posted by Forever Young View Post
I agree man... it is a big problem and I think in teh long run it would help realized prices as peeps would feel comfortable.

I did max bids in many auctions and never felt I was shilled.
BUT THEN..I did max bids in one particular MAJOR auction house about 3 years ago on 4 items(first time I did it with them). All the items were higher end. Low and behold.. I was maxed up to all of them..and not outbid on one at the end. I will NEVER bid in that auction house again as the probability was so small that this could happen on all 4 items at those high price ranges/all those bids. There was NO DOUBT in my mind I was screwed...NO DOUBT.
I have not felt that way in any other auction..probably because I have not done it to that extent. Now I just stay up all night and bid emotionally and overpay anyway. HAHA
I guess moral of the story is, trust who you buy from and expect to pay your max bid...now I do.
Wow Ben, for the life of me, I can't imagine which auction house that might be. You were bid up to your max and never outbid on 4 items???? Talk about brazen!

Some people (read, those who run these scams) never learn their lesson...

Last edited by Splinte1941; 06-03-2012 at 05:59 AM.
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Old 06-04-2012, 01:10 PM
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glchen glchen is offline
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Is shilling legal, btw? I saw this quote from a major auction house in a thread once. (I have replaced the name of the auction house w/ the generic auction house.) I guess owners bidding on their own lots in this case isn't strictly shill bidding?

(1) {Auction House} and {auction house} employees do not shill bid.

(2) {Auction House} does not bid on their own items other than by placing reserves. I will note that owners placing bids on their own items at auction is quite legal; we will identify this when we determine that it is happening on an auction floor.

Last edited by glchen; 06-04-2012 at 01:11 PM.
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Old 06-04-2012, 01:28 PM
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Leon Leon is offline
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Quote:
Originally Posted by glchen View Post
Is shilling legal, btw? I saw this quote from a major auction house in a thread once. (I have replaced the name of the auction house w/ the generic auction house.) I guess owners bidding on their own lots in this case isn't strictly shill bidding?

(1) {Auction House} and {auction house} employees do not shill bid.

(2) {Auction House} does not bid on their own items other than by placing reserves. I will note that owners placing bids on their own items at auction is quite legal; we will identify this when we determine that it is happening on an auction floor.
My understanding is that shill bidding issues are state law. That being said I think a lot of what an auction house can and can't do is by the wording in their own rules, almost as much as law. They can't legally say they don't do something when they do. On the converse many times they can do things, by putting them in their rules, that we would call unethical or illegal. A few auction houses have in their own rules that they will bid on items under any number of circumstances. In my small auction company we have written rules against it. If you want to know what an auction can and can't do many times reading their rules will tell you. That all goes by the wayside if they are doing illegal stuff. I am confident that the authorities are still keeping an eagle eye on parts of the hobby especially the auction houses.
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Old 06-04-2012, 07:59 PM
Jlighter Jlighter is offline
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This brings to mind the question, Why aren't there more real time Internet auctions. It would solve some of these problems plus I like the feel of more classic styled auctions.
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