67 Camaro Pro Touring at Mecum Indianapolis

[GregWeld]

Originally Posted by 4MuscleMachines

I'm stumped as well, what do you mean by "real money" and "pretended they had bids"?

It's called PHANTOM BIDDING.....


The "house" just tosses in numbers like someone was/is bidding. Real bidders are called "real money"...

What you don't know - and it happens all the time - is that the "pros" have guys that will bid to "bump" a bid along, but they know what the reserve is. And sometimes a seller will buy their own car back in a no reserve auction rather than lose money.