Opening Bid
The Opening Bid is the price where the 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, and the auctioneer
is obligated to sell the item for that 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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