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To be fair, I've had the opposite happen with ebay items.
Post an auction (either without a BIN or with a high BIN), get a request to sell it now for a fixed price...reject it and item ends up selling for double their offer.
For items with arbitrary values, hard to know for sure. Auction should be the best mechanism for price discovery in theory, but it will only tell you the willingness to pay of the SECOND highest bidder which could be far from that of the high bidder in a thin market.
Auction theory. So hot.
Tell me more about your thin markets with two willing bidders.