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<p>[QUOTE="Kasia, post: 1472806, member: 31533"]Let me ask you this....</p><p><br /></p><p>If you had consigned the items to be sold at auction, and you were there watching, and you saw several people befriend each other, agreeing to bid and not bid so that all those people got something,and no one "overpaid" or took home all the "spoils", but your items were sold at a low bid... therefore you were left holding the bag as your share of what you consigned was a pittance, and possibly you got less than what you had paid for the items. What would you think of your enterprise then? If you knew that in a free market, with several people interested in the item, that without collusion, there would be a fair price paid for the item in most cases? </p><p><br /></p><p>I'll be willing to conclude that if the shoe was on the other foot, you'd be upset.</p><p><br /></p><p>If you have morals, you will not practice collusion with others. And if you do go to auctions and come home with nothing because someone else wanted to pay more than you did, well, take that as the learning experience it is. Either be willing to put up more or be happy you came away within your limits.</p><p><br /></p><p>Not everything will be yours that you see at auction or elsewise.'</p><p><br /></p><p><br /></p><p>And perhaps, those people who got the items for the price they were "overpaying" --- according to you --- are quite comfortable with that price and do not feel they overpaid. IMO, you will not know, because you have already determined that people who outbid you on items you want "overpay" when they win.[/QUOTE]</p><p><br /></p>
[QUOTE="Kasia, post: 1472806, member: 31533"]Let me ask you this.... If you had consigned the items to be sold at auction, and you were there watching, and you saw several people befriend each other, agreeing to bid and not bid so that all those people got something,and no one "overpaid" or took home all the "spoils", but your items were sold at a low bid... therefore you were left holding the bag as your share of what you consigned was a pittance, and possibly you got less than what you had paid for the items. What would you think of your enterprise then? If you knew that in a free market, with several people interested in the item, that without collusion, there would be a fair price paid for the item in most cases? I'll be willing to conclude that if the shoe was on the other foot, you'd be upset. If you have morals, you will not practice collusion with others. And if you do go to auctions and come home with nothing because someone else wanted to pay more than you did, well, take that as the learning experience it is. Either be willing to put up more or be happy you came away within your limits. Not everything will be yours that you see at auction or elsewise.' And perhaps, those people who got the items for the price they were "overpaying" --- according to you --- are quite comfortable with that price and do not feel they overpaid. IMO, you will not know, because you have already determined that people who outbid you on items you want "overpay" when they win.[/QUOTE]
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Auctions are a double edged sword.
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