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 periodicals archive ?
Other competitions: Tractor driving - Cilcain YFC; Junior dencing - Betws yn Rhos YFC; Junior Fferm Factor - Llangollen YFC; ATV handling - Cilcain YFC; Mock auction - Betws yn Rhos YFC; Cake decorating - Sara Williams, Cilcain YFC; Weather vane - Tom Bates, Llangollen YFC.
A MOCK auction is to be held outside a conference centre in Birmingham in protest at the Government's Academy schools programme.
I give each team one million "civilization dollars" to bid on items in a mock auction.
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.
Sold" has a sextet of svelte, black-clad women going through dance class phrases while Carlson, in white bridal gown and veil, conducts a mock auction meaning to sell dancers with a patter once practiced for selling tobacco leaves.
During the mock auction, people register as they normally would, then receive a plastic paddle with a number on it.
In addition, the mock auction included participants who do not currently trade in the congestion markets, but are looking forward to trading on Nodal Exchange because of the more frequent auctions and clearing of all nodal transactions.
After the preview period, the FCCwill provide bidders an opportunity to get familiar with bidding in the assignment phase by participating in a practice auction, followed by a mock auction.
On stage we saw the mock auction competition, where members were asked to value and sell different agricultural items.