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

[Kevszr1]

[QUOTE=spork2367;291026]

Originally Posted by Kevszr1

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.

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.