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I disagree. A simple computer program that disables a bidders ability to bid once they reach 50K, 100K, etc., until they have been verified, would not be difficult. It could be automated, up until the point of the verification. Those bidders that know they will be reaching these dollar values...
Yes I asked and the polite reply was to refer me to the default bidder section of the TOS. I have never asserted that it is GL running up the bids, my question is what are they doing to combat large scale bid defaults?
When I show up at the military auctions in Switzerland or Germany, the...
You are missing my point. The problem is a systematic Fraud of bidding. A bidder that comes in and bids well over 200K in a single event, should be verified that they have the ability to purchase. Bidder #77562986 had his bidding turned off during the auction until he could prove to GL that...
Hi Guys,
What is GL's responsibility to verify the legitimacy of bidders?
We recently had a Default Bidder #77005413 come into some auctions at Fort Lewis and simultaneously bid up 20 items into the 8-12+K range. Said bidder then defaulted on the 14 auctions that he did win.
One of the...