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<p>[QUOTE=&quot;satootoko, post: 217835, member: 669&quot;]The name for that highly unethical practice is &quot;shill bidding&quot; or &quot;shilling&quot;.</p><p><br /></p><p>When it occurs, whether at a live auction or on internet sites like EBay, it is relatively easy to spot.&nbsp; The purpose is to drive up the price, not to buy the lot.</p><p><br /></p><p>I&#039;ve been bidding at live auctions for more than 30 years, and occasionally it is difficult to distinguish between auction fever and shilling, but most of the time is is easy to spot what is going on.</p><p>&nbsp;</p><p>Once in a while auction fever results from two or more bidders with more money than brains really wanting an item, and bidding it up without regard to its true value.&nbsp; More frequently though, it results from two or more bidders not having done their homework, and believing the phony hype about a bid lot (&quot;Don&#039;t miss out on this extremely rare upside down edge lettering on a GW dollar.&nbsp; L@@k!!!!!!!!!!!!!&quot;).&nbsp; Those bidders often think they have gotten a bargain, when in fact they have grossly overpaid. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /></p><p><br /></p><p>From the bidding patterns I saw during the year or so I paid attention to the seizedpropertyauctions site, I think it is auction fever of the second type that is primarily responsible for the excessive bidding there.[/QUOTE]</p><p><br /></p>

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