Will explain a bit the auction rules since a got a few inquirires:
During the first 48hs i receive mail or icq "best offers" (no purchase commitment), lets say Mr.A tells me he is willing to pay up to $200.
Then i will start a public auction with a $200 reserve price, and no more mail bids will be taken during the auction.
Now it can happen 2 things:
A) public bidders bid up to $230, in this case if Mr.A wants to win the auction he must post a better offer publicly, else, the winner will be the $230 bidder.
B) public bidders bid up to $120, it is $80 less than Mr.A best offer. Since the reserve price was not reached the auction is closed with no winner.
So, i can negociate with Mr.A privately.
Ok, the public offers were a bit far from the $200 he offered initially but i was expecting to get at least $150 for it. The difference between the best public offer ($120) and Mr.A's offer is $80, so lets split it ($40). Maybe we can agree to get it sold for $160, he saves $40 from the price he was willing to pay, and i earn $10 more than i was expecting for it.
Hope it helps.
PS: Already got some mail offers.