its not the auction houses fault its the bidders

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02-14-2010, 07:14 PM

sreader3

Member

Join Date: May 2009

Posts: 1,238

It shouldn't be terribly hard to come up with a reasonable set of verifiable industry standard rules and require auction houses to agree to them to obtain a certification--similar to what Underwriters Laboratories (UL) does in the lighting industry. These rules would prevent, among other nefarious practices, shill bidding. The certifying organization would verify that the auction house software and personnel comply with the rules. The readers of Net54 are well suited to promulgate the rules and solicit certifications. Software gurus like Trae Reagan could probably do code verification.

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