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Mark LA couple of years ago I bought an item I've never seen anywhere else and I got it for a reasonable price---so I am glad I ponied up the $75. If you want another theory, here is one: the $75 entrance fee could keep out a number of people who refuse to pay $75 to bid. By lowering the number of bidders, the prices would stay lower than it would have if everyone had bid. (One big problem with the theory is that demanding a high entrance fee would tend to admit bidders with lots of jack).