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True of nearly any auction. Actual buyers stop bidding when they think the price has exceeded the value to them. If the music stops with a fake bidder holding t
by jackric 6y ago
True of nearly any auction. Actual buyers stop bidding when they think the price has exceeded the value to them. If the music stops with a fake bidder holding the bag, the auction will have to be re-held, now with increased scepticism by real bidders, likely securing a lower final price.