Using eBay for comparison, they do not permit straw-man or shill bidding by the person who has put the item up for auction. No reputable auction house allows that. My husband collects things and goes to collectible auctions a lot so I am reasonably familiar with this sort of story.So this story got on my nerves.
Not the story itself, but the overal reaction in the comments. Basically, rich couple senging kid to private school gets scammed by the school in charity acution.
Couple wanted to bid on some finger paint item. Told the school to just bid for them until they won. They figured it would go no more than 3k. Only it went to $50K. And it went to $50k only because a school administrator instructed a teacher to keep bidding it up.
Most of the comments on the board seem to be from a bunch of losers with wealth envy. Saying it was their fault for being so stupid as to allow the school to bid for them and not put a ceiling on their bid. Sure. If ther was some LEGITIMATE bidding going on and it went higher than they wanted to pay, I'd say too bad. But they got scammed by the school. The school they are already paying $39K in tuition to. The school that they bought a bunch of stuff for to donate to the charity auction. The scool that they were trying to donate more to in the form of bidding on a fingerpaint picture. Sounds to me like a nice couple with a lot of money that don't deserve to get taken advantage of any more than a middle class couple getting screwed out of $150. Just surprised me to see how many people acted like they deserved it and it was their fault for not being more protective of their bid. ie: not trusting the school that they were already donating a bunch to.
The parents were stupid for not putting a cap on their bid. The school was deceptive by using the administrator as a shill to bid up the amount.
As far as I am concerned, it is a $50,000 lesson, but the school wil no doubt lose a student and will be justifiably bad-mouthed.