One of the mysteries of the English language finally explained.
(A name for) a perpetrator of any of various ruses to raise prices or otherwise cheat buyers at an auction; specifically a fraudulent bidder, especially in a mock auction; a con man or swindler.
Of, relating to, or characteristic of such a ruse; worthless; sham.
Mid 19th century. Probably from PeterFunk, the name of a character distinguished by his deceitful business practices in the novel The Perils of Pearl Street by Asa Greene; the name may in turn have been influenced by funk.
Peter Funk/ˌpiːtə ˈfʌŋk/
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