Over the last several days, I have seen ebay auctions start off at $0.99 and end up ending at a $50 to over $300.

I am sure this the normal thing to do, but here is my questions.

If you know the item is worth say $100, and you start it off at $1, and it sells for say $10, that is $90 that you just lost!

I know if I did that, I would be a bit ticked off, but apparently for some guys and girls this works really well.