How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Michael Holly Your Own Question
Michael Holly
Michael Holly, Solicitor
Category: Law
Satisfied Customers: 7072
Experience:  I have 20 years of experience as a solicitor in litigation and other areas
12609314
Type Your Law Question Here...
Michael Holly is online now

As an owner can I bid higher on a property I am selling

Customer Question

As an owner can I bid higher on a property I am selling through the auction on a sale without reserve price
If I do and end up with my property do I brake any law
Submitted: 18 days ago.
Category: Law
Expert:  Michael Holly replied 18 days ago.

It is illegal to bid for your own item to force the price up of the item you are selling. It is called Shill bidding and is illegal under European fair trading rules.

Shill bidding carries a maximum fine of £5000.00.

If there are any further points please reply will be happy to respond

Kindly either accept or rate my answer on the system so I get credit for my time.

Best wishes

Michael