[Tim Ayers]

Originally Posted by itslow

The proof-of-funds weeds out the non-serious bidders.

A "serious bidder" is going to be willing to pay whatever their own personal maximum is, regardless of whether other "serious bidders" or non-serious bidders caused it to be reached. Everyone is looking for a bargain, even "serious bidders".

Shills hired by the auction company aren't going to be affected by the registration fee or a proof-of-funds requirement.

Charging $150 just for the "pleasure" of bidding from one's home computer is just a money grab.

I agree.