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CatAlthough, my favorite auction house, as a buyer, is Mastro, the opening bid is meaningless. It allows many buyers to bid before it gets close to the value. With there "30 minute Rule" format, this makes sense, since it allows everyone with a previous bid to participate during that period. I really only have my heart set on one card, but I will bid on 10-15 (early Monday) and then during the 30 minute period if a card turns out to be a good buy, I may submit a winning bid.
I am actually a bit frustrated that I have no earthly idea what the T206 Cobb with Cobb back will go for. I would bet Mastro doesn't actually have much of an estimate either. It is just one of those cards that could go crazy or POSSIBLY be quite reasonable. But, I have a feeling it will garner far more money than the balance of the auctions with a $2,500 starting bid.
But, all this being said, I tend to dream of winning a few cards that I probably won't, as well.