How would you bid on this theoretical auction?

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Originally Posted by Kees

I don't care about reserves, starting bids etc. If I want a razor I decide what would be my maximum price and enter that amount into Gixen and I don't look back.

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As bidder, this is what I do.

As a seller, I would decide what I want to sell that razor for, and set a BIN for that. I then set a starting bid that is say $20 below the BIN. I have found that makes it easier, psychologically, to nudge someone to hit the BIN. Assuming a realistic BIN, that is.