Image of the day

Captured by
Yue Ma

HFG-1

My Account

New to Astromart?

Register an account...

Need Help?

Can I buy my own item?

Started by george_kiger, 01/13/2005 06:06PM
Posted 01/13/2005 06:06PM Opening Post
In Auction #880, the seller placed a bid - just curious, is this allowed? It seemed odd.
Posted 01/13/2005 08:24PM | Edited 01/13/2005 08:35PM #1
In the auction world, this is called a "shill" bid. It is most definitely unethical, because it allows the seller to control the minimum selling price, while not paying the auctioneer an appropriate fee for setting a reserve. It also robs legitimate bidders of winning the auction at a bargain price. The seller, in this case, upped the bidding almost $100. The whole scheme defeats the purpose of an auction, from the buyer's point of view.

Best wishes,
Jason Glass