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bidding

Hi, 

 Some sellers start their auction at a very low price;  (for example 0.99 US)And then, whenever you bid, you are always outbid by  "private listing - bidders' identities protected".

 So I wonder why they start their auction so low if they don't accept prices lower than what they expect?

 Is it a fair practice?  

 thank you for answering

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