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Old 12-13-2004, 03:17 PM   #9
Stryke
Watch Freak
 
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Join Date: Dec 2003
Location: NYC
Posts: 434
Please don't be fooled. Nothing sells greatly undervalued. A no reserve auction ends in one of three ways:

1. A winner at or above the price the seller needed.
2. The seller's friend shill bids at the last hour and no one outbids him but no transaction takes place (although it appears as if it did).
3. The seller ends the auction early with a few minutes left if he does not get his price.

That is the bottom line!
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