- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Are phantom bids legal (real estate)?
Posted on 9/3/17 at 4:00 pm to NYNolaguy1
Posted on 9/3/17 at 4:00 pm to NYNolaguy1
It's called shill bidding, and typically very hard to prove but it is illegal. I work in the world of car auctions, so I see it every day.
1
Posted on 9/5/17 at 1:34 pm to Retrograde
Auto finance companies shill bid in their own auctions? I understand this could happen with a privately owned/managed seller of cars, but seems a little harder to believe with a publicly traded seller (E.g. Toyota/Honda GMAC finance companies) with a very large, relatively homogeneous product (2-3 year old lease returns).
I'm always interested in the market dynamics of auctions in general. Any insight as to the specific dynamics of auto auctions would be interesting too.
I'm always interested in the market dynamics of auctions in general. Any insight as to the specific dynamics of auto auctions would be interesting too.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News