Message:

<p>[QUOTE=&quot;kirispupis, post: 7873600, member: 118780&quot;]Here&#039;s an <a href="https://news.coinupdate.com/shill-bidding-in-online-auctions/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://news.coinupdate.com/shill-bidding-in-online-auctions/" rel="nofollow">article</a> I found that discusses suspected shill bidding at London Coins. Evidently the consignors sometimes bid on their own coins, though if London Coins sees this they&#039;ll remove the bids. Also, there&#039;s no way for the consignor to see your max.</p><p><br /></p><p>After trying a few experiments at several different auction houses, it&#039;s my belief that shill bidding is real. There are certain companies I suspect more than others, but I&#039;ve moved to placing no pre-bids and to do all my bidding in the live part. Unfortunately, even that doesn&#039;t completely protect against shill bidding because those companies with their own software can easily perform it automatically to ensure that whenever you submit your bid, you&#039;ll always pay near your max.</p><p><br /></p><p>As a buyer, I really think there&#039;s only three things I can do to combat shill bids:</p><p>1) Send all of my bids live</p><p>2) Understand that, at certain auctions at least, I need to be prepared to pay my max.</p><p>3) For auctions I suspect to have automated shill bidding, only bid if there&#039;s something I know I&#039;m not going to find elsewhere.[/QUOTE]</p><p><br /></p>

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