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In the case where the house shill bids and "wins" the car a)why don't they have to buy it like anyone else who has a winning bid? b)if they don't buy the car after screwing up the seller's auction who pays for the seller transporting the car to and from the auction and all the associated costs?
I would be uber-pissed if I spent my time and money getting my car to an auction and the hammer dropped and the damn car showed back up at my house like a bad exgirlfriend!
It apprears from these related thread I am not the only one shocked at sanctioned shill bidding. I always figured some guys would have their buddies in the crowd to CYA, but I didn't know the house had a gog in the fight.Does Mecum shill their own auctions too?
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Like it or not the auction house was trying to get bids for the car. Yes it screwed up when it dropped the gavel on it's own employee but the car apparently wasn't going to sell at what the owner wanted anyway since there was no real money at his price. The auction house does all it can to attract buyers. Problems like this seem to happen as car values fall and everyone is still clinging to the idea of what they thought their should be worth but maybe isn't.