This is a wonderful video that accurately describes many of the common and pioneering techniques behind this type of financial fraud, and is now my go-to link to send someone when they express amazement at any similar financial phenomenon, as this kind of thing generally repeats itself in almost exactly the same way over and over again, throughout different time periods and markets.
The video brings up that the same auction house was involved in the coin collection bubble in the 80s and had to settle with the FTC then.
I could not believe my ears that someone would actually admit what he was doing on video at 22:20. "I am forming a market" "help make the market".