Quote:
Originally Posted by twobjshelbys
All the naysayers promulgate this "shill bidding" but it's never been proven.
|
Mecum is well known for "chandelier" bidding. It's not illegal and they admit to it. They know what the reserve is and when it gets close to it, they'll let the real bids take over, if there are any or "the bid goes on". I've seen Dana trying to talk a seller into lifting the reserve and he said "We've got a
REAL bid at $xxxxx and I'll lower the commission so you get $xxxxx in your pocket".