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2 Cigarettes @ auction

Old 09-25-2007, 01:44 PM
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you got balls man!
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Old 09-25-2007, 02:20 PM
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Originally Posted by mavrick10
you can't do this in this type of auction. It is written up in the contract and i imagine if you did do it and Richie Bros found out, you would be in a lawsuit. That's what brings lots of people to their auctions, this along with no reserve.
More than a contractual issue, shill bidding is a crime. Compounding that, since two people are required, it becomes a criminal conspiracy which is even worse. having said that, it's virtually impossible to prove and that's why it happens constantly at live auctions and is prolific on Ebay.

I'm sure an auction house would never condone the practice and if complicit in the act, it would likely ruin them. At the same time, they really don't have much to lose by not being hyper-diligent in watching for it. The item sells, the fees get paid.

Last edited by Chris Sunkin; 09-25-2007 at 02:22 PM.
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Old 09-25-2007, 02:26 PM
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Originally Posted by Chris Sunkin
More than a contractual issue, shill bidding is a crime. Compounding that, since two people are required, it becomes a criminal conspiracy which is even worse. having said that, it's virtually impossible to prove and that's why it happens constantly at live auctions and is prolific on Ebay.

I'm sure an auction house would never condone the practice and if complicit in the act, it would likely ruin them. At the same time, they really don't have much to lose by not being hyper-diligent in watching for it. The item sells, the fees get paid.
Exactly.
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Old 09-25-2007, 02:36 PM
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If anyone on here does not think that shilling does not go on the you are gravely mistaken. I used to be at the manhiem auto auctions 4 days a week and on general consignment cars it happens all the time. Very hard to prove. I used to do it for selected customers of mine. You would be crazy not to have a friend do it on a high dollar no reserve item
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Old 09-25-2007, 02:59 PM
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Originally Posted by Chris Sunkin
More than a contractual issue, shill bidding is a crime. Compounding that, since two people are required, it becomes a criminal conspiracy which is even worse. having said that, it's virtually impossible to prove and that's why it happens constantly at live auctions and is prolific on Ebay.

I'm sure an auction house would never condone the practice and if complicit in the act, it would likely ruin them. At the same time, they really don't have much to lose by not being hyper-diligent in watching for it. The item sells, the fees get paid.
LMAO...........I need to take you to the dealers only car auction with me and tell them what you just said......They would laugh us out of the building......

It happens everyday.....When I go to the dealers auction it's like going to a poker game in Vegas....You have to act uninterested and hope someone doesnt run you out or have more money than you have to blow....
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Old 09-25-2007, 03:27 PM
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I was at a Ritchie Bros auction in MD a few years ago and somebody tried to "buy" back there own dozer. Ritchie Bros, brought the machine back out and re auctioned it. They annoucned to the crowd what happened and "re-auctioned" to the highest bidder. Don't know if their policies have changed or not. Good luck, at least it will be sold Looks awesome.
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Old 09-25-2007, 03:29 PM
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Anyhow,.......best of luck to Maverick!!
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Old 09-25-2007, 11:42 PM
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Ritchie Bros has the highest sale price of any auction out there. Absolutely no reserve, no buybacks. When you send them a piece of equipment, It is gone. It usually brings top dollar, but if for some reason it doesn't, you're screwed. It is sold to the highest buyer.

Many contractors swear by them. Also, some people think just because they are at an auction, they are getting a deal. I have seen people buy used things at an auction for 90% of full retail, and smile the whole time because they didn't do their homework.
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Old 09-27-2007, 04:10 PM
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So what did they end up going for??
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Old 09-27-2007, 04:26 PM
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The auction runs Wed-Fri, and they are being sold on Friday.
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