[Sorry if this is a duplicate post. The first time didn’t seem to go through.]
Although I’ve read on this site and elsewhere that regular bidders sometimes engage in “bid chilling” or “bid rigging” (to artificially reduce winning bids), I’ve also heard that regular bidders will sometimes “over-bid” on a property for the purpose of hurting or blocking a competitor, such as a newcomer. Has anyone come across this problem? I’d appreciate any suggestions about how to minimize that risk.