New Auction house / Flawed System - Current Offer (C/O)

[Roycedamagnet]

The genuine buyer should name his offer since he is not aware of the let go price. If he is desperate enough. He should offer 100m.
If the seller will ask his buddies to pay 91m. Then nobody is going to be aware anyway. So it doesnt matter.

This C/Os spoken in town are the poison.
Somehow the community starts beliving that the value of an item is set by the “c/o” given to the buyer. Which most of the time is fake. And they will take it for granted. Thats how much he needs to pay or more to get in the possession of that specific item. Correct me if im wrong.

Making annonymous bids can actually benefit on the long term the players. Cause everyone will bid how much they think it worths it.

Ah, I understand now. Thought only the names of the bidders were hidden, while the bids themselves were not. Did not know that the current bids were hidden from the buyers in your suggestion as well. That solves the problem.
+1.