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Originally Posted by pcptrade
I won a Jordan Jambalaya BGS 9.5 for 14K in a Probstein auction in 2019 when they were selling for around 12K. It was likely shill bid and I knew that I overpaid 10-15% but I was fine with that. It is a card that I really wanted and I did not mind paying a premium. The same card in similar grade would fetch close to 100K today. This is just one example.
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This isn’t an argument in your favor. The money you would have "saved" could have been spent on other similar cards that also appreciated in value. Shill bidding is stealing. Money was taken out of your pocket.
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Is Shill bidding bad? Yes. Does it happen only at PWCC? No. I bet it happens everywhere directly or indirectly. If you really care about business ethics, you should keep your money at home instead of using banks, investing in stock market and collectibles because corruption and shadiness is everywhere.
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So if something that is illegal in most states happens "everywhere" that makes it acceptable or tolerable? How?