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Possible Shill Bidding?
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<p>[QUOTE="19Lyds, post: 1501420, member: 15929"]Identifying a shill.</p><p><br /></p><p>You place a max bid of $100. (eBay will bid "upto" this amount but never higher than 1 bid increment over an underbidder.)</p><p>Your underbidder has placed a max bid of $5.00</p><p>The high bid on the item now registers as $5.50</p><p><br /></p><p>A shill would come in and bid $10.00 which would bump your bid to $10.50</p><p>The shill then bids $20.00 which bumps your bid to $20.50</p><p>The shill then bids $30.00 which bumps your bid to $31.00</p><p>The shill bids $75.00 which bumps your bid to $76.00</p><p>The shill then bids $110 which gets him in the lead and the bid on the item upto $102.50</p><p>The shill then retracts his bid and sets a reminder to bid $99.00 just before the auction ends.</p><p>You end up winning the items for $100 and you've just been shilled.</p><p><br /></p><p>Long time dealers, on the other hand, have regular "customers" who return on a regular basis.</p><p>I purchased my Portrait Kennedy Proofs from only 3 dealers over a period of time.</p><p>I purchased my 40th Anniversary IKE's from the same 3 dealers over a period of time.</p><p><br /></p><p>Does this make me a shill?[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1501420, member: 15929"]Identifying a shill. You place a max bid of $100. (eBay will bid "upto" this amount but never higher than 1 bid increment over an underbidder.) Your underbidder has placed a max bid of $5.00 The high bid on the item now registers as $5.50 A shill would come in and bid $10.00 which would bump your bid to $10.50 The shill then bids $20.00 which bumps your bid to $20.50 The shill then bids $30.00 which bumps your bid to $31.00 The shill bids $75.00 which bumps your bid to $76.00 The shill then bids $110 which gets him in the lead and the bid on the item upto $102.50 The shill then retracts his bid and sets a reminder to bid $99.00 just before the auction ends. You end up winning the items for $100 and you've just been shilled. Long time dealers, on the other hand, have regular "customers" who return on a regular basis. I purchased my Portrait Kennedy Proofs from only 3 dealers over a period of time. I purchased my 40th Anniversary IKE's from the same 3 dealers over a period of time. Does this make me a shill?[/QUOTE]
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