Ruling on agreeing not to bid in an auction
Machine translationRead the Arabic original
There are three people who go to an auction, and two of them refrain from entering the bidding so that the price of the car does not rise. They appoint one of them to buy the car. After he finishes buying the car, they conduct a bidding process on it so that one of them takes it. If the original price is, for example, five thousand, and after the bidding it reaches six thousand, the person who is satisfied with this price takes it, and then they divide the excess amount of one thousand riyals among the three people?
Summary of the question: If a group agrees not to bid, there is a detail in this. If there is no one in the market to buy this commodity except these people, it is forbidden for them; because this is in the position of hoarding. And if the commodity is bought by them and others, there is no harm for them; because if they do not bid, others will bid and the problem will end.
Summary of the question: If a group agrees not to bid, there is a detail in this. If there is no one in the market to buy this commodity except these people, it is forbidden for them; because this is in the position of hoarding. And if the commodity is bought by them and others, there is no harm for them; because if they do not bid, others will bid and the problem will end.