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.
Note: If this is a Linked Auction,
the starting bid should match the price at the linked listing (the
selling price if it is a fixed-price listing, or the current bid
if it is an auction). |