When starting an auction, you have to determine a starting price from where the bidding will start. The starting price means that you are willing to sell the item at least for this amount, unless you have set a reserve price. Determining the starting price is of key importance. Experienced sellers know that a too high starting price will undermine buyers’ interest and the willingness to bid. The starting price will determine the fee of starting an auction.
Online marketplace for antiques, artworks and collectibles.