1992 ZR1 Bloomington Gold Top Flight at Mecum Question ???

[spork2367]

[QUOTE=Kevszr1;291018]

Originally Posted by DRM500RUBYZR-1

Either way it’s a shill because it’s artificially inflating the bid and someone can bid on top of you. Again, I wouldn’t get caught doing it at any auction house. ..... it’s not allowed. That’s my only point

No, it's not a shill bid. Re-read Marty's post. The auction house doesn't give a crap if a buyer or seller is getting a good deal, they are only concerned about their cut. In this case, they get their cut. In fact, their cut is higher because if the seller had let it go, it would have sold for a lower number and their cut would have been less. The seller bids it up, wins, then pays a higher percentage based on the higher selling price.

If the other bidder chooses to continue bidding, they are not being forced to do so.

They absolutely allow this, although I'm sure it isn't encouraged.

A shill bid is artificially inflating the price by having a non-buyer bid. A seller can't be a shill bidder and artificially raise the price against himself as a buyer...The seller is actually going to buy the car (which is just paying the auction house fees). They are intending to buy the car should it go for less than xxx. They are a legitimate bidder. A shill bidder has no intent to buy the car.

Shill bidding can't really happen easily at a live auction where bid retractions are more difficult and verified in person vs. an online auction where a bid retraction can be automated. i.e. you just select a reason from a drop down menu.