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London Coins-- another suspicions of shill bidding thread
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<p>[QUOTE="Ignoramus Maximus, post: 7875671, member: 104741"]Shill bidding is difficult to prove in absolute terms. It can only be inferred as suggested in this thread. I have won enough coins either at, or nearly at my max to warrant at least some suspicion. The only way to circumvent the problem is by not bidding in timed auctions, and to stick to the old-fashioned 'going once, twice' type. As protection against computer-generated bids at, or just under the max it's fool-proof.</p><p><br /></p><p>Another thought: in the long run, wouldn't computer-generated bids hurt the auction house?</p><p>First: if you suspect computer-generated bids, you'd probably be inclined to lower your max bid on the lots you're interested in (the thought being: if my lots repeatedly hammer at one increment below my max, why not drop my bids by an increment or two? Chances are, I get it at one increment below max at that price as well. Money saved). </p><p>Second: it hurts the reputation of the auction house involved, and collectors are a lot less inclined to participate in their auctions. </p><p><br /></p><p>It's things like these that make me dislike timed auctions. They're hugely intransparent and leave you blindly at the mercy of the auctioneer's honesty and integrity.[/QUOTE]</p><p><br /></p>
[QUOTE="Ignoramus Maximus, post: 7875671, member: 104741"]Shill bidding is difficult to prove in absolute terms. It can only be inferred as suggested in this thread. I have won enough coins either at, or nearly at my max to warrant at least some suspicion. The only way to circumvent the problem is by not bidding in timed auctions, and to stick to the old-fashioned 'going once, twice' type. As protection against computer-generated bids at, or just under the max it's fool-proof. Another thought: in the long run, wouldn't computer-generated bids hurt the auction house? First: if you suspect computer-generated bids, you'd probably be inclined to lower your max bid on the lots you're interested in (the thought being: if my lots repeatedly hammer at one increment below my max, why not drop my bids by an increment or two? Chances are, I get it at one increment below max at that price as well. Money saved). Second: it hurts the reputation of the auction house involved, and collectors are a lot less inclined to participate in their auctions. It's things like these that make me dislike timed auctions. They're hugely intransparent and leave you blindly at the mercy of the auctioneer's honesty and integrity.[/QUOTE]
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London Coins-- another suspicions of shill bidding thread
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