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#1
09-18-2002, 07:24 AM
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Should Employees of an Auction House Bid in their own Auctions
Posted By: warshawlaw
an auctioneer (and presumably its employees) is prohibited from bidding on lots in its own auction unless clearly stated in the auction rules. I would be comfortable with that rule. Of course, I would run like a Frenchman fleeing a German army if I ever got a catalogue that authorized such bidding. The shill potential is too great. Of course, this is all impossible to police, since anyone who wants to bid on an auction can have a friend do it for them. 
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