Shady bidding in online auction?
in Ebay, auctions, car boot sales, post & parcels
8 replies 501 views
I have bought several lots in the last week through Global Auctioneers/ Global Auctions. They were all "no reserve" and in five of them I left a bid on the book up to about 25% of the list price. My bid was successful in every case, at my maximum, so as long as the goods arrive and are as described I should have no cause for complaint. However, it seems highly improbable that in five separate lots the bidding should trot merrily up to my max and then go no further. Is this just chance or are they at it?
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Also I would check their fees. Also if you intend to have delivered, their packaging fee can be very high on top of the delivery fee. Also if you didn't view the item and going on the photo they show (especially if it is a stock photo) then you will be disappointed.
I used them a few times when they started up as Global but no more. Experience with TLH taught me how to not be ripped off. It was their high "packaging" fee when the item was just sent in the box it came in that put me off them.
I used to be a frequent visitor to live auctions and they are all rigged. The take bids off the wall to try and reach reserve price no reserve price no sale so they take it to one bid below and hope a mug bids for real or they have someone on the hook and bid it till it hits reserve.
Shill bidding is the likely culprit here, they will know your max bid and take you to it.
I won't mention any names... Feel free to PM me, I used to be in that business.
I won't comment on individual auction houses unless it's to vouch for them.