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" <SM> 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" <SM>
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.