4 ms·

In essence a sniper auction where only one person who paid to bid actually gets the item. Is this still legal?

• mst 17y ago
  I'm not entirely sure it's a lot different to ebay bid sniping with multiple contestants, except for the fact that it's all automated and the profit margin is centralised with the auction house itself. Of course, that doesn't mean that said centralisation is legal. But I think my only real disagreement with their existence is that they aren't covered by gambling regulations. As a slightly weird form of gambling, presented clearly to the public as such (and regulated as such), I don't believe I'd have any objection to them. Sadly, borderline misrepresentation of the truth is not illegal and probably couldn't effectively be made so. shrug one way or another a fool and his money will be separated - the important thing is to make sure he enjoys the process. Value for money can come in excitement/fun as well as goods. (why, yes, I'm feeling cynical today, why did you ask?)