I'll confess to being a buyer/collector who may find it difficult to put myself in a seller's shoes. My complaint is not with BINs per se, but with the fact that they are almost invariably set significantly above VCP values.
Let me offer a suggestion: how about auctions with low starting bids and reserves set in the general vicinity (+5%?) of VCP values? This should increase the likelihood of sales while at the same time allowing sellers to take advantage of bidding wars in appropriate cases.
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