From: Thomas M McHugh (tmmchugh@msn.com)
Date: Sat Nov 20 2004 - 20:21:09 PST
I'm confused at the math Ryan is quoting..
If 12 people out of the 144 bidders work together, there are still 132 other
bidders + the 1 out of the 12. The only change is that those 12 are not
bidding higher against each other.
That sounds fairly smart to me.
Tom McHugh, NJ
1952 M38A1
M-416 trailer
MVPA, MTA
----- Original Message -----
From: "Ryan Gill" <rmgill@mindspring.com>
To: "Military Vehicles Mailing List" <mil-veh@mil-veh.org>
Sent: Saturday, November 20, 2004 6:19 PM
Subject: Re: [MV] Link to an interesting court case
At 6:07 PM -0500 11/20/04, Dan Maguire wrote:
>Hi Steve,
>
>> And how many of them know each other and, more importantly,
>> are working in collusion? Near zero.
>
>I thought that you said that you and eleven other people decide which one
>of your group will bid. That group comes to mind. If each single bid
>represents 12 people that have informal or formal agreements, that means
>that instead of 144 people going at it, there are only 12. How is that in
>the seller's best interest, again? :-)
Of course technology in this case can stack the
deck for or against the sellers. In this case,
overall, it's stacked against us. More so with
the GL website. In an in person auction, you know
who you're bidding against. Its certainly not
collusion to want to not bid against your
neighbor for a lot of cattle when you could just
as well get it. Moreso, if you are an agent for
the same group it's certainly not in your
interest to bid against another in the same group.
The e-bay system and more so, GL, enforces some
anonymity among the bidders to the point total
mystery.
Frankly, I'd rather not bid on the same piece of
WWII British kit that my partner in a WWII
restoration project is also bidding on. He and I
are in the same organization (a 501 (c) (3)) and
have a joint LLC in the restoration of an Armored
car.
Does that fit the basic concept of collusion?
Must a company bid against itself? A Club? This
is hardly two or 5 people working to defraud the
seller.
--
--
Ryan Gill rmgill@SPAMmindspring.com
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