How do reserves work in the Legendary auction?

[Matt]

Reasonable point. My only counter is that with rare items, I'd have to think most, if not all, bidders would bid hoping their bid is enough to top the reserve because they want to own the item. No doubt, on eBay people usually shy away from bidding in a reserve auction, but that's usually in scenarios where they know they'll have an option of finding another one.

Think of it this way - if a card you needed for your collection that hasn't come up in two years was in the auction, but had a reserve, would you really not bid?