Setting a hidden reserve sets in motion a "reverse auction" at a glacial pace as week after week and reposting after reposting prospective buyers patiently hunt for reduced but still hidden reserves. The same can be done to a local consignment gun by the simple act of walking away and coming back later to check the tag. I see nothing wrong with a high starting bid as candor concerning one's ridiculous expectations causes no one additional effort above and beyond looking at the ad and a scoffing ejaculation. The problem with penny starts is Christmas week and SuperBowl Sunday. Despite the presupposed mass audience, you might just get your one cent in a thin auction crowd. Won't catch me bragging on Texas Holdem as an eleemosynary activity!
jack
