Quote:
Originally Posted by Too Many Projects
A buyer that doesn't do their due diligence or have a clue what they are doing, gets what they deserve... 
Who was the other "person" bidding against him ?? The owners shill bidder ? Or are there 2, um, I'll call them uninformed people. |
The cars are run at no reserve. There is no shill in this situation needed. While I did watch the bidder on this car, I do not know the particulars. However; a scenario which is called ‘running the bid’……wherein the auction keeps hitting you for a bid when there is no other bid. If the house / auction goes past the only bidders number then they back up the bid to that number and make it seem like just a simple mistake.
Once you are aware of this auction tactic you will see it employed often.