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<p>[QUOTE="-jeffB, post: 7959677, member: 27832"]I still think this is a bad idea. By placing that bid, you've distinguished the auction from a million others that start at 99 cents and aren't worth even that much. You're <i>giving information to other bidders</i> (and the seller). Don't do that; hoard as much information as you can for as long as you can.</p><p><br /></p><p>And that's why listing something at $100 BIN with a 99-cent starting bid seems incredibly stupid to me. If it's worth $50 but you think someone might pay $100, list it with a $50 start and $100 BIN. If you want a bidding war, start it with a somewhat lower starting bid, and forget the BIN. A high BIN and a low starting bid does <i>not</i> get the seller "the best of both worlds".[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 7959677, member: 27832"]I still think this is a bad idea. By placing that bid, you've distinguished the auction from a million others that start at 99 cents and aren't worth even that much. You're [I]giving information to other bidders[/I] (and the seller). Don't do that; hoard as much information as you can for as long as you can. And that's why listing something at $100 BIN with a 99-cent starting bid seems incredibly stupid to me. If it's worth $50 but you think someone might pay $100, list it with a $50 start and $100 BIN. If you want a bidding war, start it with a somewhat lower starting bid, and forget the BIN. A high BIN and a low starting bid does [I]not[/I] get the seller "the best of both worlds".[/QUOTE]
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