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Post by Brian Denton on Jul 27, 2012 19:25:50 GMT
Perhaps one of the Moderators could act as a 'clearing house' (via private message) to avoid cross-bidding?
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Post by John Wall on Jul 27, 2012 20:39:01 GMT
Perhaps one of the Moderators could act as a 'clearing house' (via private message) to avoid cross-bidding? That's an extremely devious and underhand suggestion. I LOVE it ;D
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Post by Neil Megson on Jul 29, 2012 22:07:46 GMT
While im hoping that the winner was one of us, what im also curious about is if the two top bidders were from our group competing against each other. Perhaps there is a way that missing episode friends can pool their efforts to get shows returned privately. I think it was a great move not being mentioned. This may already be in place but it would be great if the half dozen bidders in the group could discuss these things privately so efforts aren't competing. Perhaps one of the Moderators could act as a 'clearing house' (via private message) to avoid cross-bidding? Superficially this sounds like a good idea - and I don't mean to be a spoilsport - but this does seem very like an "auction ring", which would therefore be illegal. Anyone coordinating this activity could potentially be charged with conspiracy to defraud. (Auctions (Bidding Agreements) Acts 1927 and 1969 )
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Post by John Green on Jul 29, 2012 22:50:37 GMT
Which is part of the plot of the film mentioned in post 11!
It can get complicated,but dealers would agree beforehand not to compete against each other in an auction.The one nominated to bid gets the item cheaply and a second,private auction is later held amongst the inner circle,thus depriving the original vendor of a proper price for the goods,and the auctioneer of commission. This seems different from saying "I know you're taking part in this auction for the good of us all,and that if you win,we all benefit.So I won't take part."
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Post by Neil Megson on Jul 30, 2012 8:43:02 GMT
The situation where a group of people agree not to compete, but there is no subsequent private auction, does seem to be a legal grey area. Genuine "joint acquisition" agreements are allowed - there's a good summary of the laws here : www.withersworldwide.com/news-publications/bidding-practices-at-auction--2As they say on the internet, "I am not a lawyer" - any lawyers reading this board like to clarify this ?
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Post by John Green on Feb 12, 2013 22:32:17 GMT
So pleased that this not only survives,but is getting shown at the next Kaleidoscope event. Congratulations to everyone involved.
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