shill bidding


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shill bidding

n
(on an online auction) the illegal practice of a seller or a seller’s acquaintances placing bids on his or her goods in order to drive up the price
[from shill, a confidence trickster’s assistant]
References in periodicals archive ?
That was the base of operations for the criminal investigation of another sports memorabilia fraud, a shill bidding scheme at Mastro Auctions of Chicaeo.
Lerma, both in print and online media-on the obvious attempt of certain galleries to manipulate the auction process through shill bidding and on the dangerous effect such a fraudulent practice could have in creating price bubbles in the Philippine art market.
Concerning the latter two categories, deceptive advertising and known cases of shill bidding by some websites have given the industry a black eye, but those problems are not unique to the penny auction industry and can be dealt with largely through existing channels.
She said: "While this case was not solely about shill bidding, we hope that it highlights how seriously we consider the practice of artificially increasing prices.
Officers found he was selling goods on the auction website under the username "shanconpaul", then bidding on them under the identity "paulthebusman" - a process known as shill bidding.