If you are an auctioneer in a common value action you should do all of the following except…

Question

Quizplus · Accepted Answer

As an auctioneer in a common value auction, hiding adverse information that would devalue the item would be unethical and potentially illegal. The goal should be to provide as much information as possible to potential bidders to ensure a fair and transparent auction process. Encouraging aggressive bidding is also not necessary and could potentially intimidate some bidders. Reducing the uncertainty of the value of the item and releasing as much information about the item as possible are both appropriate steps an auctioneer should take to facilitate a successful auction.

If You Are an Auctioneer in a Common Value Action