Posted by TomH in PA on December 26, 2009 at 08:15:48 from (67.234.26.50):
In Reply to: OT-Auction Ethics posted by Formerly PaMike on December 25, 2009 at 16:15:21:
Most auctioneers around here announce that they have a bid and let the crowd set the opening and selling price. There is one who will only take an absentee bid on the condition that he starts the bidding there; he makes it clear that you'll win it at that price or someone else can have it for one bid higher. I don't see anything unethical about either way as long as everyone knows the rules, but starting the bidding artificially high when there's no other interest seems wrong if he didn't tell you ahead of time that's how he runs it.
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