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Posted By: runscott

Surely you aren't implying that there is no difference between a reserve and a minimum bid? check the e-bay fee structure. If there wasn't a market for both, they wouldn't both exist - ebay is in the business to make money. Also, if there wasn't a market for multiple auction houses (ebay,Mastro,even Festberg), we would only have one. Do I know which items will do best in which auctions? No. But I think the different listing formats available through e-bay allow some flexibility and experimentation that isn't available through other auction alternatives - that is one reason (probably) that it is so successful.