CA teamwork on Cbid!

[dave]

FYI/SA, in the past, CI has been rumored to (accused of?) deleting notes if they believe them to be done for purpose of collusion.....not saying shouldn't do it; just don't be too surprised if they don't like it much

[Blak Smyth]

Originally Posted by dave

FYI/SA, in the past, CI has been rumored to (accused of?) deleting notes if they believe them to be done for purpose of collusion.....not saying shouldn't do it; just don't be too surprised if they don't like it much

"Collusion is an agreement between two or more persons, sometimes illegal and therefore secretive, to limit open competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law typically by defrauding or gaining an unfair advantage."

I do not think this is collusion, we are simply putting a note in the notes field provided by the auction house.
I see it no different than if we walked into a live auction together and chose not to bid on an item.

[Tredegar]

I think this is called bid rigging. I am not a lawyer but I believe it is not legit, or ethical. There are plenty of articles about this on the internet. I remember a few years ago several philatelic dealers were convicted of bid rigging. They would agree to not bid on certain auction lots if another were bidding on said lot. They then would hold their own "private auction" of these lots. This went on for years until a disgruntled dealer informed the authorities.

By doing this, no matter how well intentioned, you hurt the auction firm by artificially keeping the prices lower than they might have been if the auction would have run it's course.

[ApexAZ]

Great idea, Shane! I would actually take it 1 step further and request that we include CA and our name, since we have lots of members.

I also wonder about the legality of it.

Originally Posted by Tredegar

I think this is called bid rigging. I am not a lawyer but I believe it is not legit, or ethical. There are plenty of articles about this on the internet. I remember a few years ago several philatelic dealers were convicted of bid rigging. They would agree to not bid on certain auction lots if another were bidding on said lot. They then would hold their own "private auction" of these lots. This went on for years until a disgruntled dealer informed the authorities.

I think the line I highlighted in bold is the most important point here. There is no intention of reselling the cigars, only respecting other members.

[Tredegar]

Still by agreeing to not bid on lots that other members have bid on you are not letting the auction run its course.