Bulk
Upload Opening Bid
Standard Auctions: 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.
Dollar Auction: For Dollar Auctions this field must be set to
$1.00 and the reserve and Buy Now fields must be left blank.
The seller is obligated to sell the item for $1.00 if it only receives
one bid.
These items often create lots bidding activity because of the low
starting bid, however, and can end up selling more often and for higher
amounts than similar items with a higher starting bid and no activity.
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