Some guidelines regarding pricing:

First, we encourage sellers to set the minimum bid for their auction at the lowest fair price at which they are willing to sell their item.

Second, a seller may employ a reserve price auction. This allows the seller to set a price below which he or she does not agree to sell the item.

Third, a seller may not bid on his or her own auction. If the seller starts an auction and decides they no longer wish to sell his or her item, the seller should cancel all bids on the auction and then end the auction.