There will always be minimum bid increments so auctions don't just go penny by penny (that would be terrible). Right now the increment is at least $0.25, but you should be able to bid $0.33 if you want to.
I've got a note into my programmer to get his thoughts. Either:
A) The system...
Quote:
Yes, that's correct. In most auction systems the person can set the start price and also their "reserve" price. I personally think you just need one or the other, but the option is there if people want to use it.