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What does the starting price mean?

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.