Analysis of current AH's rules regarding shill/internal/sketchy bidding practices

[CobbSpikedMe]

While I understand what Chris is saying, I still think its slimy of an auction house to bid in it's own auctions for any reason. Basically you have a multimillion dollar bidder that can outbid everyone on all the lots in the auction raising all lots to a "wholesale" price. Or bidding up others who may have had a shot at a good price on something if it was falling under the radar or demand happened to be low at that time. I just don't like it.

[ullmandds]

Originally Posted by CobbSpikedMe

While I understand what Chris is saying, I still think its slimy of an auction house to bid in it's own auctions for any reason. Basically you have a multimillion dollar bidder that can outbid everyone on all the lots in the auction raising all lots to a "wholesale" price. Or bidding up others who may have had a shot at a good price on something if it was falling under the radar or demand happened to be low at that time. I just don't like it.

I agree...as well as the idea that they bid if they feel like a lot is a "good deal?" Everyone's idea of a "good deal" may be different.

[x2drich2000]

Originally Posted by ullmandds

I agree...as well as the idea that they bid if they feel like a lot is a "good deal?" Everyone's idea of a "good deal" may be different.

yup, if the lot is a good deal, did they they really do all they can for the consignor? Especially if they feel they can sell it again and make more of a profit?