We don't allow shill bidding because it can falsely increase an item's price or desirability. “Shill bidding means bidding for an item while holding more information about it than other members could-for example, if you're a family member, roommate, or the seller's employee. Here is what eBay has to say about shill bidding: The two shilling parties can even give each other positive feedback to enhance the legitimacy of their dealings (and their ratings)! It’s all done through various pages within eBay’s customer support system. When it comes to shill bidding on eBay however, the buyer and seller have no true risk because a transaction is easily cancelled between consenting parties with fees returned to the seller. In practice, shill bidding typically involves a combination of these two methods because, of course, when the shill bids there is the inherent risk no other bids are made, thus requiring the shill to purchase the property, even if the scheme is put in place to influence others to bid higher than the shill.” In this scheme, the hope is that if the shill bids an amount, the other interested bidders sense one more higher bid as reasonable. The shill bids with the intent of influencing others to bid, hoping others see his level of interest in the item, and gauge value based upon his bidding. The shill bids and if the bidding only reaches an amount less than Frank is willing to accept, the shill buys the item, and would then typically pay for the item and return the item to Frank, who would reimburse the shill for his purchase.“What shill bidding involves is bidding without the genuine intent to purchase, and rather with the intent to ensure price protection for the seller by one of two methods: In his blog, “Mike Brandly, Auctioneer Blog ~ All about auctions and auctioneers, with observations on auction law and common practice,” Mr. Implemented a series of changes (discussed below) that buffer buyers from key data that would reveal shill bidding more easily.įor a classic definition of shill bidding, I will borrow from Mike Brandly, a professional auctioneer since 1979 (Bio: ). Although eBay forbids the practice, they have Reason to believe this trend will continue. My experience bidding on eBay over a period of 18 years has taught me that shill bidding on eBay has gradually become more prevalent over time.
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