Log in or Sign up
Coin Talk
Home
Forums
>
CoinTalk
>
What's it Worth
>
1921 S MS RED What do you think?
>
Reply to Thread
Message:
<p>[QUOTE="Hobo, post: 323286, member: 11521"]Be very careful discussing agreements not to bid against one another on a public forum like this. This may be considered collusion. (Ask any baseball owner if he has ever heard of collusion.) These kinds of discussions are best done in private. </p><p> </p><p>Collusion to not bid against one another lowers the price a seller's item sells for and reduces the fees collected by eBay (boo hoo). I would imagine collusion (aka bid rigging) is against eBay's user policy.</p><p> </p><p>From the <a href="http://query.nytimes.com/gst/fullpage.html?res=9F06E7DD1F31F932A35753C1A9609C8B63" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://query.nytimes.com/gst/fullpage.html?res=9F06E7DD1F31F932A35753C1A9609C8B63" rel="nofollow">New York Times</a></p><p> </p><p><b>Bad Bidness</b> </p><p> </p><p>In the Sept. 3 column, the Ethicist told an art collector that accepting a proposal from a fellow collector to agree not to bid on the same prints in eBay auctions would be unethical. I agree. The Ethicist also reported a lawyer's advice that ''collusive bidding is illegal in the auction world,'' adding that it ''may not be illegal online -- Internet auctions are largely unregulated.'' But the federal antitrust laws apply to competition on Internet auctions as much as to physical auctions. Agreements between bidders not to bid against one another or to bid at certain prices are criminal violations of the Sherman Antitrust Act, punishable by up to 10 years in prison. </p><p><br /></p><p>Scott D. Hammond </p><p>Deputy Assistant Attorney General Antitrust Division </p><p>Department of Justice </p><p>Washington[/QUOTE]</p><p><br /></p>
[QUOTE="Hobo, post: 323286, member: 11521"]Be very careful discussing agreements not to bid against one another on a public forum like this. This may be considered collusion. (Ask any baseball owner if he has ever heard of collusion.) These kinds of discussions are best done in private. Collusion to not bid against one another lowers the price a seller's item sells for and reduces the fees collected by eBay (boo hoo). I would imagine collusion (aka bid rigging) is against eBay's user policy. From the [url=http://query.nytimes.com/gst/fullpage.html?res=9F06E7DD1F31F932A35753C1A9609C8B63]New York Times[/url] [B]Bad Bidness[/B] In the Sept. 3 column, the Ethicist told an art collector that accepting a proposal from a fellow collector to agree not to bid on the same prints in eBay auctions would be unethical. I agree. The Ethicist also reported a lawyer's advice that ''collusive bidding is illegal in the auction world,'' adding that it ''may not be illegal online -- Internet auctions are largely unregulated.'' But the federal antitrust laws apply to competition on Internet auctions as much as to physical auctions. Agreements between bidders not to bid against one another or to bid at certain prices are criminal violations of the Sherman Antitrust Act, punishable by up to 10 years in prison. Scott D. Hammond Deputy Assistant Attorney General Antitrust Division Department of Justice Washington[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
CoinTalk
>
What's it Worth
>
1921 S MS RED What do you think?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...