Opening Bid
The Opening Bid is where all bidding starts once an auction begins. This
should be the absolute lowest amount the auctioneer is willing to accept
for the item .
If only one bid is received, this is the amount the item will sell for
unless there is a reserve price.
A common
strategy for experienced sellers is to use a low starting bid to
generate interest. The number of bids is included on the listing
title line and buyers are attracted to items that show activity.
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