NH Auctioneer Practice Questions - New Hampshire Licensed Auctioneer Exam

What is 'chandelier bidding' and is it legal?

Bidding on lighting fixtures — always legal The auctioneer taking bids 'off the chandelier' (fictitious bids) to stimulate bidding — generally considered a form of shill bidding A type of sealed-bid auction — always legal Bidding by telephone — legal with proper procedures

Correct Answer:

The auctioneer taking bids 'off the chandelier' (fictitious bids) to stimulate bidding — generally considered a form of shill bidding

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