Jeff,
I guess you could call what I have described as a Sauction. Is the domain Sauction.com available???? It is a hybrid of an sale and an auction and only works if the seller establishes a fair and reasonable floor which would invite more than just a single bid. With as much shill bidding as has been alleged recently one could argue that there already an abundance of auctions employing "reserves" and "high openings".
Greg
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