What is a better choice for starting prices high or low?
I'm currently doing an experiment right now on this already, but I was curious to know what you guys prefer. Right now I have 2 identical listings up for a product both started 1 day apart. The first one, I started the auction price at $59.99, right now it has 1 watcher and 0 bids. The second auction started at $0.99, right now it has 15 watchers, 14 bids and the price is already at $33.00
Do low starting prices always do better and get more attention? If so, is there a drawback to starting lower like getting more negative attention, flagged easier or competition ratting you out?
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