One question. If you auction 2 identical Macbook on Ebay at the same time, which one will yield higher price ? the one set up with a no reserve auction or the one set up with a 1000$ reserved auction ?
As odd as it sounds, no reserve always seem to yield higher price.
That's what I observe too. The likely reason is that no reserved auction has a bigger pool of buyers and therefore more demand. Some does not enter reserved auction due to the uncertainty of wasting time even when winning a bid. There is also a certain psychological aspect that makes certain bidders want to stay away from no reserve auction.
I agree. No starting price for the NEM auction is the way to go. Let the market decide if a stake goes for 0.1 BTC or 10 BTCs!!