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It is the same as going to a public auction and the auctionaeer
says he wants to start the bidding at a certain amount.
The only difference is that the live auctioneer can
lower the starting amount if no one is bidding.
Oh wait, I believe that ebay has that same option.
If the person is watching their auctions, they could go in
and modify the starting price if no one is bidding.
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