Quote:
Originally Posted by ppppenguin
Quote:
Originally Posted by Skywave
Yes, yes, agreed - but unless I missed something in this long (and interesting) thread, I didn't read anything that either explicitly advocated such a practice nor even hinted at it.
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See post #36. Not a serious attempt to set up a ring but certainly hinting at it. |
Post #36 was mine.
Suppose A and B see an auction lot of a thousand widgets. A says to B, that he can only use no more than 500 and will pay a quid each. B says to A he sees things exactly the same way. A bids for the lot up to a thousand quid. They then split them.
It's really no different to bidding as an individual with an expectancy of resale to waiting customers. Neither A nor B would have bid for a thousand for themselves.
The problems are obvious.
Scope for falling out between A and B. Scope for falling out between A and B and others.
The formation of an unpleasant clique.
Arrangements such as this shading into bidding conspiracies, ringing the auction.
Pete.