Auction Bid Regret

[joed25]

Originally Posted by Big Dave

.......or how high the auction house would have bid against you.

I always wonder this when I bid in the auction houses if they shill. I'm curious what the members on this forum think about this.

[Runscott]

Biggest regret is not buying a poor (but presentable) T206 Wagner 10-12 years ago. Next would be not buying a decent Plank around the same time.

I never considered Mathewson letters affordable, but looking back, I also wish I had purchased one of them when they were less costly.

Also wish I had bid more on the Van Oeyen photo lot 12 years ago, although my understanding is that the eventual winner wasn't going to stop bidding.

[djson1]

Originally Posted by joed25

I always wonder this when I bid in the auction houses if they shill. I'm curious what the members on this forum think about this.

I believe the house bidding is legal, especially if they disclose it in the terms and conditions. Think of it as the house bidding on behalf of the consignor to move it closer to the reserve. Because if the house didn't bid and it didn't get to the reserve, well, there's no trade anyways. But the house is also aware that by doing that, they are risking scaring away the top bidders.