2 Cigarettes @ auction
09-25-2007 | 02:20 PM
#22
Registered User
Joined: Oct 2003
Posts: 9,495
Likes: 6
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.
09-25-2007 | 02:26 PM
#23
Platinum Member
Joined: May 2003
Posts: 3,707
Likes: 89
From: MA and NH
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.
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.
09-25-2007 | 02:36 PM
#24
Banned
Joined: Mar 2005
Posts: 4
Likes: 2
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
09-25-2007 | 02:59 PM
#25
Banned
Joined: Aug 2007
Posts: 747
Likes: 0
From: Guntersville. Alabama
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.
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.
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....
09-25-2007 | 03:27 PM
#26
Registered
Joined: Jan 2007
Posts: 97
Likes: 0
From: Mount Airy, MD
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.
09-25-2007 | 11:42 PM
#28
Registered
Joined: May 2007
Posts: 330
Likes: 0
From: Louisiana
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.
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.
