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<p>[QUOTE="Marshall, post: 1673543, member: 21705"]I just won my first item from a Heritage Auction. When I completed my payment, they sent a list of coin which they say didn't sell. But I remember many of those receiving bids and no indication they had not reached a Reserve figure.</p><p><br /></p><p>My question is whether this indicates they act as their own shill bidder to raise the prices and offer those which they got stuck with. Why is this important? If I was the winning bidder at two lower price levels and was facing off against a shill, then I wasn't in a true Auction. If I was bidding against Heritage, then I should be informed.</p><p><br /></p><p>Now perhaps I just don't understand what's happening. This is why I bring it up here where those with more experience can offer me more information. Now I understand that some people do not have a problem with shill bidding and I understand that in theory. Even if you agree with that, is that shill bidding something which should be disclosed.</p><p><br /></p><p>I'm already paying $140 more than the bid after the buyers premium, handling and Texas Sales tax. I hate to think I was the high bidder substantially below the final price and was only bidding against myself.[/QUOTE]</p><p><br /></p>
[QUOTE="Marshall, post: 1673543, member: 21705"]I just won my first item from a Heritage Auction. When I completed my payment, they sent a list of coin which they say didn't sell. But I remember many of those receiving bids and no indication they had not reached a Reserve figure. My question is whether this indicates they act as their own shill bidder to raise the prices and offer those which they got stuck with. Why is this important? If I was the winning bidder at two lower price levels and was facing off against a shill, then I wasn't in a true Auction. If I was bidding against Heritage, then I should be informed. Now perhaps I just don't understand what's happening. This is why I bring it up here where those with more experience can offer me more information. Now I understand that some people do not have a problem with shill bidding and I understand that in theory. Even if you agree with that, is that shill bidding something which should be disclosed. I'm already paying $140 more than the bid after the buyers premium, handling and Texas Sales tax. I hate to think I was the high bidder substantially below the final price and was only bidding against myself.[/QUOTE]
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