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OT - Re: [OM] Shill Bidding

Subject: OT - Re: [OM] Shill Bidding
From: "Barry B. Bean" <bbbean@xxxxxxxxxxxxxx>
Date: Mon, 20 Mar 2000 11:10:20 -0600 (CST)
On Mon, 20 Mar 2000 10:05:20 -0800, Matt BenDaniel wrote:

>What prevents one or more bidders from working in conjunction with the seller 
>to jack the price up?

In theory, nothing. However, they will run the risk of outbidding the
real bidders and not making a sale.

Of course, as long as you use common sense and only bid what you're
willing to pay, no amount of shill bidding can make you pay more than
you want.

BBB


-
B.B. Bean - Have horn, will travel                              
bbbean@xxxxxxxxxxxxxx
Peach Orchard, MO                                       
http://www.beancotton.com/bbbean.shtml


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