Bidding on your own auction

[trobba]

Originally Posted by Sean1125

I consign with Rick and the last thing I want is his items not getting bids because some consignors are not honest, but I don't think there is an EASY way to do it. I know there is a way but it will take Rick time and resources to get it figured out.

How do you propose he browses 2k listings at any one time cycling probably 10-20k a month? I'm being objective, you say he needs to do something but do not propose anything.

Edit*

Why not help to find a solution? I think it would benefit much more than just Rick and the consignor's if there was an easier, quicker way to figure out shill bidders. It would get items true prices and bidders would be more happy as well due to real deals every now and then.

Solution:

accept less consignments and do it efficiently...economics 101

sounds like he is in jeopardy of losing his successful business practice so he needs to do something.

He can:

1. hire someone to go through his auctions and check for shill bidding

2. At least for the short term, accept fewer consignments. Once he gets a handle on the bidders and potential fishy bidding, he can slowly move to a larger scale. I am sure there is a number he can comfortably keep an eye on, and that should be his limit. Otherwise he has gotten too big to monitor all his auctions and that will slowly, or precipitously, lead to diminished returns and disappointed customers.

Seems like a small price to pay for regaining bidder faith and assuring the community of fair bidding and ethical selling.

3. The alternative is, of course, that he is "in" on some of this which would of course change everything...I am in no way suggesting this is the case, but it certainly would affect his willingness to make any real changes.

[T206DK]

Originally Posted by trobba

Solution:

accept less consignments and do it efficiently...economics 101

sounds like he is in jeopardy of losing his successful business practice so he needs to do something.

He can:

1. hire someone to go through his auctions and check for shill bidding

2. At least for the short term, accept fewer consignments. Once he gets a handle on the bidders and potential fishy bidding, he can slowly move to a larger scale. I am sure there is a number he can comfortably keep an eye on, and that should be his limit. Otherwise he has gotten too big to monitor all his auctions and that will slowly, or precipitously, lead to diminished returns and disappointed customers.

Seems like a small price to pay for regaining bidder faith and assuring the community of fair bidding and ethical selling.

3. The alternative is, of course, that he is "in" on some of this which would of course change everything...I am in no way suggesting this is the case, but it certainly would affect his willingness to make any real changes.

SEE this is the problem here. Everyone is too willing to cut this guy a break EVERYTIME someone notices something fishy about his auctions. Just stop biding on them and he will dry up and blow away , or go back to working a real job. The more excuse you collectors make for dishonest dealers , the more they think they can get awau with. They know a certain segment of collectors will bid on their stuff whether there is shill biding going on or not. If you guys bid on Probsteins stuff ...more power to ya ! he and others like him will linger and sour this hobby for any newcomers.