LA Auctioneer Practice Questions - Louisiana Licensed Auctioneer Exam

What is shill bidding in the context of an auction?

Bidding by a licensed auctioneer on their own items Placing fictitious bids to artificially inflate the price of an item Bidding by telephone on behalf of an absent buyer Submitting a sealed bid before the auction starts

Correct Answer:

Placing fictitious bids to artificially inflate the price of an item

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