Shill Bidding at DigitalPoint
I just read a thread on DigitalPoint, where some users point out, that some guy that has been bidding up his own auctions using multiply user accounts. Numerous other users has ended up paying more for websites than what they probably had sold for.
It is a shame that such things go on, but it will probably always be like that, and it is really hard to catch such cheaters in time. So it is an obvious example of buyers to consider what they want to pay for given website, and stick to that. Don’t think that you’re missing out on something because there is several other bidders competing. Do your own valuation and do only buy for less than the value you conclude.
If you want to buy sites on auction and if you want the bidding to be real, then it is just because you want to make steal and buy it too cheap. Nothing wrong with that, but then you’d have to expect some people to try and drive up the bidding.
Tags: buying websites, auction bidding, auction cheat, shill bidding
Add comment February 22nd, 2006
