Why is shill bidding so bad? - Net54baseball.com Forums

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#30

10-31-2003, 11:51 AM

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Why is shill bidding so bad?

Posted By: botn

Most of you are responding to this topic from the point of view of the buyer. Put yourself in a retailer's shoes. Once fair competition for an item is eliminated or reduced, the retailer suffers by not realizing the full "value" of the item.

If a retailer finds out that buyer "collusion" exists on a continual basis in his auctions, you may find that retailer impose reserves, higher opening bids or abandoning the auction format in favor of a direct sales.

Greg

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