I noticed just today that when a bid comes in below the reserve the amount of that bid is not shown publicly. The highest bid remains at the starting bid. Is this a new policy?
What is the advantage to the seller to do this? Frankly, it just discourages me (a buyer) from investing any attention in the auction, because I have no idea at all where to start bidding. Why have a "starting bid" that is not a starting bid at all? I never really understood the motivation for old system, but at least then I had some frame of reference since I could bid a bit higher than the last person to see if I could get over the reserve. Now, it is just a shot in the dark. I guess if I really have to have the item, I will do so. But all those times where money is an object, I just move on.
Am I missing something?