It's not much different from an auction with a hidden reserve. It just means that the seller is ashamed of his asking price and hopes to get you there without revealing it. I've had similar experiences in person where the seller won't name a price. They just want you to make an offer. They are hoping you don't know what something is worth and will make a stupid high offer. It is best to just walk away from those situations because you are just going to get bent over.
Jerry
More like the Seller and Shill(s) are trying to drive the price up by getting a person worked up over an auction. They are counting on the buyer trying to not lose the auction .
