Bidders sometimes use phantom bidders to drive bid prices up rapidly at the beginning of an auction,thus discouraging bidding from legitimate bidders.At the last minute,the phantom bidders pull out,which awards the item to a very low bidding customer.This practice is called:

Question

Quizplus · Accepted Answer

Bid shielding is the practice where phantom bidders are used to artificially inflate the price early in an auction, only to withdraw later, allowing a low bid to win.

Bidders Sometimes Use Phantom Bidders to Drive Bid Prices Up