Elder Lucas shock
…
"With a starting price of zero, there's no standard to measure the auction against. The first bid will likely be even more exaggerated!" remarked a Holy Realm Elder from the higher reserved seats.
Because Tier-four Qi Gathering Pills were so rare and seldom traded, their price was difficult to estimate.
Furthermore, the price of each transaction varied greatly, with no consistent standard. As a result, no one could definitively say what a Tier-four Qi Gathering Pill should cost.
In this situation, if the auction house set a starting price, others might subconsciously assume that was the typical reserve price for such a pill.
If the final auction price ended up being several times higher than the starting bid, some buyers might feel they had overpaid and believe they were treated unfairly.
This could cause dissatisfaction among the buyers and potentially affect the final transaction price.