Shill bidding (the utilization of
"plants" in the bidding audiene whose sole purpose is to artifically
inflate the bid with no intention of buying) was a hot-button
issue in the 2010 LA Legislative Session, at the 2010
Louisiana Auctioneer's Association Convention, and at the May 2010
Louisiana Auctioneer's Licensing Board meeting. In response to
what ASF considers a dispicable, dishonst,
unethical, and fraudulent practice sometimes deployed in the
auction industry, we have implemented our "No Shill Guarantee"
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effective July 19, 2010 to provide assurance to our bidding public
that we will NEVER be tolerant of the
practice!!
CLICK HERE
to read about ASF's "No Shill Guarantee"
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to protect its bidders.
CLICK HERE
to read about LA's INADEQUATE existing laws against shill bidding.
Want to learn more about buying R/E at auction?
CLICK HERE.
Want to learn how to sell R/E quickly (30-45
days), with the sale subject to NO contingencies
(appraisal, financing, inspection, etc.)? Visit past auctions,
seller testimonials, & buyer testimonials by
Clicking Here.
Learn details about R/E auctions by placing your
mouse over the drop-down "Auction Q &
A" menu above and selecting the question of interest
to you.
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