Mock Auction


Also found in: Legal.

Mock Auction

A con in which a gang sells low quality merchandise in an auction setting at a high price. Mock auctions usually involve gang members pretending to buy items and acting as if they are satisfied. This encourages real customers to spend too much for inferior products.
References in classic literature ?
A whisper passed among the elder collegians that he had been seen at a mock auction in Moorfields, pretending to buy plated articles for massive silver, and paying for them with the greatest liberality in bank notes; but it never reached her ears.
Beef Expo will show the youngsters how meat ends up on our plates, from livestock sold in the auction mart environment with a mock auction, all the way through to a Ready, Steady, Cook competition.
These include a mock auction, a visit to a private collection, and meetings and visits to public art venues, as well as other trips.
com VP Perry Allison and Park Plaza Boston General Manager Mark Anderson will greet guests before the mock auction begins, and invite them to enjoy a noontime winter menu sampling to include gourmet chef stations.
The mock auction was staged by public sector union Unison as part of an anti-cuts protest on the council steps.
These include responding to queries of potential bidders, inviting applications and giving time to companies for submissions, finalising eligible bidders, public information sessions and mock auction.
The group staged a mock auction whey they pretended to sell off schools to the highest bidder in response to what Alliance national secretary Alasdair Smith said academies were "taking public money with no public accountability".
A MOCK auction is to be held outside a conference centre in Birmingham in protest at the Government's Academy schools programme.
The mock auction dribbled along at a few pence for most of the day until a Dyer fan finally put in a pounds 10million "offer".
Knight Ridder paid the auctioneer to have suppliers trained in the reverse auction process, Dowis says: "We also ran a mock auction so they could practice.
Oftentimes, a representative from the retailer will conduct a mock auction process with the supplier to familiarize them with the procedures.
Sean Swan, 53, boss of mock auction company Bradforce Trading, which sold shoppers sackfuls of rubbish, has been fined pounds 2,500 for his heartless swindles.