Quote:
Originally posted by foolio
BUT the good thing about starting it at $1 is you tend to get more bidders involved in it - and most of the ebay folks get caught up in bidding and get carried away and will keep bidding till they win. Then after the listing is done they see the price and think "oh shit" - trust me, it happens often.
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Absolutely correct. I've sold a ton of shit on ebay and always get more than I expected by setting up starting bid at $1. You get a ton of early bids, then people get emotional investment in what you are selling and bid more than they would have in the first place.
Worse comes to worse, if you aren't getting your reserve price, you can cancel your auction.
Shill bidding sucks because you still have to pay the % if your "friend" wins the auction.