Mock Auction

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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.
PTA had to determine a band plan, qualify and provision bidders, conduct mock auctions, and then conduct the live auction by the end of April.
He ran mock auctions, where people get ripped off," Statham recalls.
As per the schedule, the pre- qualification of bidders would take place on March 30, mock auctions on April 5 and 6 followed by the final auction on April 9.
Visitors will have the opportunity to enjoy a whole array of stalls, demonstrations and exhibitions including a wide range of livestock breeds at close quarters; the magic of honey production; demonstrations around the preparation of cheese, ice cream and meat; have a go at milking; mock auctions, plus displays of rural crops and crafts.
Salesmen who give free items, reduce prices after bidders have made an offer, or restrict bids to certain sections of the audience are likely to be committing an offence under the Mock Auctions Act 1961.
Organisers of mock auctions usually book a venue for a day.
That is provided system failures and racecourse mismanagement that hit the mock auctions are not repeated.
Swan, of Westcliffe-on-sea, Essex, admitted promoting mock auctions and was ordered to pay pounds 2,350 costs.
Christie's in New York also conducts mock auctions to teach people how to bid and keep it under control.