The Chip Board
Custom Search
   


The Chip Board Archive 13

How about "conspiracy"??
In Response To: David, more info please... ()

Jim Follis chimed in with a whole new avenue for discussion when he posted the following;

"I am interested in a general consensus on the ethicallity of shill bidding and other, similar auction activities that to me smack of "manipulation". I am more interested in such interpretations for live/write-in/phone-in auctions, than for on-line auctions, however, my basic question is:

Is shill bidding an acceptable practice in live auctions?

This question of course is not directed to David Spragg only. I would appreciate others weighing in on the subject as well." ... Jim Follis
.
.
.

Personally, I don't think that shill bidding is ever an acceptable practice no matter what the forum ... but there is another opposite action to the story that is seldom mentioned and is equally as damaging, called "conspiracy bidding".

We've had this "conspiracy" discussion before... but for the newcomers who have not participated in it, I offer the following scenario.

A live auction is well underway, and a small group of potential bidders are overheard in the back of the room during the break say to each other to the effect ... "I really want lot #123 badly and I know that you want lot #127 equally as bad, so you lay off #123 and I'll lay off #127. To which a 3rd party chimes in ... "I'll lay off $123 & #127 if you guys withhold your bids on lot #135."

We hear alot about bidders always getting screwed ... aside from any "club ethics" consideration ... is this practice fair to the bidder who consigned his lot for a maximum potential of value?

Doesn't this practice discourage consignors to put up valuable chips at public auction?

Messages In This Thread

(Message Deleted by Poster)
Re: What would you do if you found evidence of Sch
(Message Deleted by Poster)
Re: What would you do if you found evidence of Sch
(Message Deleted by Poster)
John; What does "well-off" have to do with it?
Re: John; What does "well-off" have to do with it?
Re: John; What does "well-off" have to do with it?
(Message Deleted by Poster)
Re: DOCUMENTATION
(Message Deleted by Poster)
Re: investment protected!!!!
Re: investment protected!!!!
Good question Aaron!!
Re: Good question Aaron!!
ARCHIE YOU ARE BECOMING A VERY RARE BREED
That's also true Fred!
Re: John; What does "well-off" have to do with it?
Re: John; What does "well-off" have to do with it?
Re: John; What does "well-off" have to do with it?
I see John and Jason's point
Re: I see John and Jason's point
Re: I see John and Jason's point
Re: I see John and Jason's point
Re: I see John and Jason's point
Re: I see John and Jason's point
Re: John; What does "well-off" have to do with it?
Shill bids
73 auctions and no....
But, Archie ...
Re: But, Charlie ...
Hypothetical situation Archie
Re: Hypothetical situation Archie
Re: Hypothetical situation Archie
Let's revisit the original question ...
I also tend to think there are two forms of
This one should amuse Aaron grin
Re: This one should amuse Aaron grin
Question #2 grin
Re: Question #2 grin
Looks like its not applicable now Jay
ebay runs checks for schill, a seller can be...
Re: What would you do if you found evidence of Sch
Re: What would you do if you found evidence of Sch
Re: What would you do if you found evidence of Sch
Re: What would you do if you found evidence of Sch
Re: What would you do if you found evidence of Sch
Re: What would you do if you found evidence of Sch
Re: What would you do if you found evidence of Sch
Re: What would you do if you found evidence of Sch
Re: What would you do if you found evidence of Sch
David, more info please...
How about "conspiracy"??
Re: How about "conspiracy"??
"The seller controls the shill."
Exactly
Re: How about "conspiracy"??
Aaron, you bring up "conspiracy" bidding at...
Re: Aaron, you bring up "conspiracy" bidding at...
I have been told, "No, it is not prohibited."
This is not a double-negative. I was told that...
If that is true, it is absolutely
Reserves???
Hold on a minute Jay grin
Re: Hold on a minute Jay grin
Re: Hold on a minute Jay grin
Re: Hold on a minute Jay grin
Re: Aaron, you bring up "conspiracy" bidding at...
"Friendship" ???...
Re: "Friendship" ???...
Re: "Friendship" ???...
Re: "Friendship" ???...
Re: "Friendship" ???...
Re: "Friendship" ???...
Re: David, more info please...
Re: What would you do if you found evidence of Sch
Re: What would you do if you found evidence of Sch
Re: What would you do if you found evidence of Sch
I agree.
Re: I agree.
Are you a lawyer Aaron??
Re: Are you a lawyer Aaron??
Re: Are you a lawyer Aaron??
Re: Are you a lawyer Aaron??
Re: Are you a lawyer Aaron??
Re: ILLINOIS
Of course there is shill bidding
Re: Of course there is shill bidding
Re: Of course there is shill bidding
Re: Of course there is shill bidding

Copyright 2022 David Spragg