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You see the high opening bid psychology at live auctions all the time. They always start high, often at what the item SHOULD bring, then drop it down, someone jumps in and bids at $5, then bids it right back up past the starting point. But nobody wants to risk overpaying, in case they happen to be the only guy around interested in that item. ebay works a little different, of course, but it still scares folks off.
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Bryan
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