Also known as Vickrey Option. Shills Is a bidder at an auction like you with one exception. This person has no intention of buying anything. His sole purpose is to drive the bidding as high as he can without having the final bid. Shills work for the auctioneers who receive a commission on the total dollar amount that is sold.
Shills are illegal.
If you see some one who bids a lot but never buys anything watch out he may be a shill. Stay away from this auction. System Integrator A system integrator is a Auction Broker Software partner that customizes Auction Broker functions and features to meet specific customer requirements. This includes additional Web site functionality, Web site designing, and creating interfaces between the Auction Broker solutions and existing business systems, such as an order fulfillment application. Trading Exchange A set of transactions with many buyers and sellers that most often involves more criteria than just a price, quantity and time, such as shipping terms or condition of goods.