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#26
03-12-2008, 09:05 AM
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Annoucement of a new Auction Company
Posted By: Matt
Leon - I'm curious if the reasoning for doing it the way you guys have chosen and not simply starting the lot at the reserve price (namely to generate interest) actually will translate into higher bid totals. I know on ebay it usually has the opposite effect - reserve price lots on ebay often end lower then their counterparts with no reserve. Getting some $200 bids on a $5,000 reserve item will certainly get you bids, but how likely is it that you are attracting people who can bid $5,000 on the item that would not have done so otherwise? 
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