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Re: [OM] Shill Bidding

Subject: Re: [OM] Shill Bidding
From: Chip Stratton <chipstrat@xxxxxxxxx>
Date: Mon, 20 Mar 2000 09:01:09 -0800 (PST)
 
> What prevents one or more bidders from working in
> conjunction with the seller to jack the price up?
> 
> Perhaps bids over a certain amount should be
> restricted to only those bidders who have
> authenticated themselves in some stronger way than
> just an email address.  If seller X's shill bids on
> the piece, at least some record of it would
> available for scrutiny.

Nothing prevents shill bidding, except the rules
against it. Of course, the seller runs the risk that
the shill bidder may end up with the high bid and have
to pay the ebay sales commission even though a real
sale was not made (assuming reserve was met).

Chip Stratton
cstrat@xxxxxxxxx

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