Quote from: bitsire on April 27, 2014, 03:06:20 PM

Quote from: utopianfuture on April 27, 2014, 01:14:08 PM

Quote from: dasource on April 27, 2014, 01:06:39 PM

Quote from: utopianfuture on April 27, 2014, 03:43:06 AM

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!!

The market decides also if a stake will have already a certain price at the auction's start.
Better we'd set up a minimum rate for each stake and offer smaller stake units like 100000 or 10000, too.