18 Jan
2007
18 Jan
'07
1:26 a.m.
Cutting deals
with other bidders is a no-no in auctions, this the flip
side to shill bidding.
Is it? I've certainly done this with live auctions, particularly
where I'm only interested in one or two items out of a lot. The
benefit is that you can find someone who would otherwise be bidding
against you and is not at all interested in the items that you are--
and the two of you can bid more than you otherwise were prepared to.
I hadn't realized that this was illegal, illicit or unethical.