Posted by Chris In Idaho on Monday, November 01, 2004 at 6:17AM :
In Reply to: Re: Jonas I believe they call that ....... posted by Bob Thompson on Monday, November 01, 2004 at 1:52AM :
actually at alot of live vehicle auctions it is done that way to liven up the bidding. The auctioneer has his workers bid trying to get the reserve met or more for the client bidding against more serious people. Problem lies in that the auctioneer get paid a percentage of the high bid whether it sells or not.
Best place to buy a vehicle is after the auction in the back lot and deal with the owner if his vehicle didn't sell. He is already at a disadvantage writing a check to the auctioneer, entry fee and his travel time and expenses.
Silver auctions is one of the worst for this kind of shill bidding.