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<p>[QUOTE=&quot;Restitutor, post: 4802487, member: 112621&quot;]It is illegal, but somehow allowed on the CNG site, emphasis mine:</p><p><br /></p><p>“1. The property listed in this catalogue is offered for sale by CNG for itself and as agent for various owners and other consignors. We reserve the right to reject any bid, to determine the opening price, to set bidding increments, to vary the order of the auction, to reopen bidding in the case of a dispute, to withdraw any lot, to bid on behalf of CNG, <b>to bid on behalf of the consignor, to permit the auctioneer to bid on his own behalf, and to permit the consignor to bid on his own lots.</b> CNG may loan or advance money to consignors or prospective bidders, and may have an interest other than commission charges in any lot. CNG may bid on its own account as an “insider” with information not available to the public.”</p><p><br /></p><p>Note - I am not trying to single out CNG, it’s just the only auction house I buy from so I’m unaware of other auction houses terms.[/QUOTE]</p><p><br /></p>

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