Underground shill network for NR auctions on EBay?
slickpick
Posts: 44 ✭✭
Hello , I'm new to the boards but have been 'lurking" for awhile. Anyway I was watching this NR auction on Ebay{3906342161} by atochajewelry and find it was won by aucton-line. I check his From Sellers feedback and he apparently buys everthing from a small group of dealers on all NR Auctions which includes atochajewelry, goodprices4coins,classycoins, invest-in-coins etc. Then I check out auction=lines feedback from buyers and find a buyer named rushen who has bought at least 100 items from atochajewelry and other NR auctions from sellers verypq, collectables2sell and others. It kinda' looks suspicious that a group of dealers are shill bidding on each others auctions thereby artificially setting there own reserves and working out the particulars amoung themselves. Don't have proof but it look "funny" to me. And Thank You all for your coin information!
"Truth is a torch but a tremendous one. That is why we hurry past it, shielding our eyes, indeed, for fear of getting burned." Johann Wolfgang von Goethe
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My ebay auctions!!
B I N G O !
You'd be surprised at just how pervasive shill bidding is. Multiple identities as well...bidding
their own goods. get a buddy - have dual identities, happen to get a "live one" caught in the
middle and some rather expensive items will be at full value on day one of a 7 day auction. This is
why they have no fear and run expensive items with no reserve. Happens all the time-just look
under bid history for a guy that has bid like a man posessed up until the auction is almost over and
interestingly enough...just drops out!
that said, shilling is also a problem at live auctions.
K S
Ken
Okay, didn't want to open another thread for this:
Gold and Silver Plunge happening right now.