I erred. This auction did start at $1. Please excuse my ignorance of the various practices and procedures involved in an auction.
Is no reserve really the truth?
Isn't an auction with no reserve but with a minimum bid kind of misleading? A current auction here states that a Wadia 850 CD player is being auctioned off starting at $1 with no reserve. When you go to this auction you find that there is a minimum bid of $2960. Is this not for all intents and purposes a reserve or just plain old false advertising?