Is "market pushing" ethical or not?

[Jantz]

Originally Posted by Peter_Spaeth

Two, a bidder cannot retract if he does cross the threshold and become the high bidder.

Peter

Why the need for rule #2?

Take it as a rhetorical question or you can post your opinion. I'm just curious. If you wish to indulge me that's fine, if not, we're good either way.


Jantz

[Peter_Spaeth]

Originally Posted by Jantz

Peter

Why the need for rule #2?

Take it as a rhetorical question or you can post your opinion. I'm just curious. If you wish to indulge me that's fine, if not, we're good either way.


Jantz

I can't speak for Brent, but I would surmise he thinks that retractions, especially after becoming the high bidder and learning what the previous high was, look blatantly fraudulent. So -- assuming he is enforcing the rule -- people instead have to take the risk of winning if they are going to "push." I think it's a good rule, but I have not seen anything yet that convinces me that bidding hoping to run up the price someone else pays is ethical. In any event, everyone is entitled to an opinion, and several have been enlightening to say the least.