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Not at all sure on the $1.50 make an offer fee?
If this means people have to pay $1.50 just to bid then you will get no bids, unless it's for a ferrari 599 for $10... Also I would go for low % at bottom end and high % at top end, this would increase bids = increased traffic, then rise prices later. After all it's an auction run electronically so you have like "zero" overheads, traffic makes websites work, so make it as easy as possible for people to sell e.g. would you pay 10% of the cost of sending a text message just to "Twitter" - No you would not!
Hopefully this comes across as what is meant to be constructive criticism - It's a global recession, so start low, build traffic, then in 2 years time - let the $$$ roll in!
Cheers
Dickie Boy
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