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<p>[QUOTE=&quot;calcol, post: 25636942, member: 77639&quot;]I don’t know if it’s really shill bidding, but if you read the fine print, most auction houses state that they can bid on coins.&nbsp; They may do this to add to their inventory but may do it to protect the interests of the consignor.&nbsp; It’s sort of like an unstated reserve.&nbsp; I had an auction house do this for me.&nbsp; They saw the coin wasn’t getting decent bids, so bid and won the coin at a low price and placed it in the next auction where it sold at a good price (for me) from an outside bidder.&nbsp; I got the hammer price from that auction.</p><p><br /></p><p>For important clients, auction houses may bid and win for other reasons.&nbsp; I recall in one of the Pogue auctions, Pogue decided he wanted to keep a coin that was going up for auction.&nbsp; So, Stack’s Bowers bid it up until they won it and then turned it over to Pogue.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

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