New lawsuit accuses PWCC of massive shill bidding

[dbussell12]

ed -- not to intrude here, but i don't think you are totally understanding the concepts you're using. market value and a single buyer's maximum bid or what a single buyer is willing to pay are not the same thing. a market is an ecosystem. a single buyer is a subjective, individual participant in said market environment.

just because one single buyer is willing to pay a certain amount for an item/good/service, it does not mean nor constitute 'market value'. market value is a sum, collective stabilization of value across multiple transactions/the landscape of the market itself.

you're thinking on a case by case basis. market value is the sum of case by case bases. no market works in a silo of single buyers. a single transaction between a buyer and a vendor constitutes a single record of a transaction within that market ecosystem, but it by no means establishes or even constitutes the concept of 'market value' itself but even as a sliver and incredibly small fragment of the entire tapestry of how markets move and how valuation is constituted en masse. a transaction value constituted has to be repeatable, not anomalous; again, a buyer's willingness to pay any given sum has to be proven standard by and to market motivations as a whole, not motivated by outlier motivations and personal/subjective factors of individual valuation of said product/service's perceived true worth.