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Ebays fees confuse me sometimes, but I think it is cheaper to start the listing at 99 cents with a $2750 reserve than it is to start the listing at $2750.
Doing it this way works in live auction situations. Human nature at work. Many, many times I've seen an auctioneer start the bidding at, say, $100. No bids so he drops to $75, $50, $25...down to maybe $5 before someone bids. Then it quickly gets bid up to $100, $200-maybe many hundreds. Everyone was sitting there waiting to see if they could grab it for nothing.
I've been to radio club auctions where they do not announce the reserve price up front. If, after bidding is closed, the reserve has not been reached the high bidder will be asked if he is willing to increase his bid to the reserve price. I won my Transvision this way...I was top bidder at 20 bucks...I think I only needed to increase it to maybe $35. It may sound clunky but in that situation it works quite well.
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Bryan
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