Where does the bidding start?
Bidding starts wherever the auction audience wants to start it; however, it is important to remember that it is not where the bidding starts that matters, it is where it ends that determines the value of the item. For example, the Auctioneer might ask for $100 to start. If no one bids, he will decrease the starting bid amount a little at a time until someone bids. As a result, the item might end up starting at $25 and end at $50, but it also may soar well past the initial ask of $100 and sell for $600. It is the market value of the item that determines its worth; the starting bid is not a significant factor.
