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<p>[QUOTE="cplradar, post: 7852209, member: 108985"]Not in the US and not in US business law. You are way off now and bloviating politically about a fantasy that you hold. Markets are regulated completely. What you say in commerce, how you say it, how you price, how you enter a market, how you behave in a market are all subject to ligation and regulation. This practice of sneaking fees into auction hammer prices has been allowed until now for a number of reasons. One is that until recently, auctions were largely, but not exclusively, a small part of the overall market, that was largely practiced in circles of experts that with very sophiscated buyers. Or it was used to clear merchandise by government or banks under forfitior law, or to facilitate moving exclusive product to an exclusive market where ownership of merchandize was diverse, such as with cattle and such. With the rise of auctions as a tool for the general market, it is worth evaluating these laws because they are essentially deceptive and exploitative. Pointing a finger as someone and saying they need to be banned from all auctions forever solves NOTHING in terms of the problems this thread discusses legitimately.[/QUOTE]</p><p><br /></p>
[QUOTE="cplradar, post: 7852209, member: 108985"]Not in the US and not in US business law. You are way off now and bloviating politically about a fantasy that you hold. Markets are regulated completely. What you say in commerce, how you say it, how you price, how you enter a market, how you behave in a market are all subject to ligation and regulation. This practice of sneaking fees into auction hammer prices has been allowed until now for a number of reasons. One is that until recently, auctions were largely, but not exclusively, a small part of the overall market, that was largely practiced in circles of experts that with very sophiscated buyers. Or it was used to clear merchandise by government or banks under forfitior law, or to facilitate moving exclusive product to an exclusive market where ownership of merchandize was diverse, such as with cattle and such. With the rise of auctions as a tool for the general market, it is worth evaluating these laws because they are essentially deceptive and exploitative. Pointing a finger as someone and saying they need to be banned from all auctions forever solves NOTHING in terms of the problems this thread discusses legitimately.[/QUOTE]
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