Great lesson to list as straight auction and let it run to the end if you are ignorant of an item's value. I am always fascinated by ignorant sellers who post Buy-It-Now listings for watches which of which they do not know the value. It's true that most are posted at ridiculously inflated prices, but some are ridiculously undervalued. Similarly, why would an ignorant seller accept an offer to end the auction early? Would the buyer be making it if he wasn't trying to short-circuit the auction to win below market value?
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