HIGH RISK
An auction which starts at a low price without a reserve. Benefits are you get lots of interest.
An auction which has a reserve price (hidden from the bidder). This means you are not obliged to sell unless your reserve price is matched. Remember not to make your start price and your reserve price vastly different.
An auction with a 'Buy Out' price. This is basically a fixed price advert where you only sell if a bidder agrees to match your asking price.
A 'Make me an Offer' auction is just that .... bidders are invited to make you an offer which you can simply accept or decline.
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