Would You Have Heard Of Mada Pasa
News1 min ago
No best answer has yet been selected by Dom Tuk. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.I don't know this for a fact. But I'd image that this is allowed in the case where there is a reserve and the auctioneer doesn't take it so that he's forcing you above the reserve price.
In that case you could consider it that he was bidding for the item himself.
If there were a reserve of �100 and he bid �95 and you bid �105 and bought it I'd think that would be a different matter as it would if there were no reserve or the reserve had been passed
Definately questionable behaviour though
This happened again recently on the channel 5 program "how to be a property developer". I would suspect therefore that it goes on all the time but most bidders are blissfully unaware that they've been duped. The two woman in this case were effectively bidding against themselves and they ended up paying thousands more for the property than they needed to. It cannot be legal. It has to be fraudulent because the bidders would not have entered into the contract if they'd known this was going on. It would be interesting to hear an explanation from an auctioneer or a clarification from a legal standpoint. Shame on the auction profession I say. Channel 5 ought to follow it up.