Let me throw in my two cents (which is worth less than 2 cents).
An item is worth what someone is willing to pay for it. When someone bids on their own item, no matter if it is $2 or $20k, it is misleading the market.
The item really isn't worth 19k in your above example...no matter what the outcome is...if the final bidding was meant to have been 18k, that is what it is.
Like stated previously...set a reserve if you are afraid the final price won't be to your liking. It is legal, and does not fraud the market out of valuable data.
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