[QUOTE=Kevszr1;291033]
Quote:
Originally Posted by spork2367
Again.. It is a shill bid no matter how you spin it and the auction house will pitch you to the curb if you get caught. They absolutely don’t allow it but go take your chances if ya want.
But, I suppose if you don’t put a reserve on a car and you’re stupid enough to buy it yourself and pay 20% in commission alone rather than only 10% WITH a reserve sale, then you deserve to buy your own car. Go right ahead with your shill bid.
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We aren't talking about ebay or an online auction here. Like Marty said, I'm sure there are auction houses that may not allow this. But many do. No one is going to go in planning on buying there own car, but if they misjudged the audience it is a better prospect than losing your a**.
If I'm the owner of the car, the price stalls, and I don't want it to go for a fraction of what it's worth, I'm not bidding to artificially inflate the price, I'm bidding to buy it so I only lose 20% instead of 40%. Some states have laws about shill bidding, but to prove that the intent was to artificially inflate the price vs. the intent of buying it to avoid a loss would be nearly impossible to prove.
The auction house isn't going to care because they are getting their cut no matter what. By definition, the owner can't be a "shill" because the auction house has already vetted them and know that he is the owner. This isn't like an online auction where anonymity could be used to more easily hide the identity of a bidder.
In short, it may not be allowed at every auction...but it isn't shill bidding by definition.