Sometimes its better to start lower then you want. If people realy want the item it will go up a lot anyway.

I placed + 20 Fishing PS for sale for 1 million. They said i was nuts but on the auction it went for several millions.
If prices are to set to high to star twith people are going to be scared of to come to the auctions at all. Lower starting prices lure more people and the more people that come the better chance the bids go up.

These are the profits i made of the months i joined the auctions.
Auction on 27th of November 2010 yielded You 6,120,000 Gold Pieces
Auction on 11th of December 2010 yielded You 3,700,000 Gold Pieces
Auction on 16th of April 2011 yielded You 930,000 Gold Pieces
Auction on 30th of April 2011 yielded You 3,870,000 Gold Pieces
Auction on 14th of May 2011 yielded You 3,520,000 Gold Pieces
Auction on 27th of May 2011 yielded You 2,480,000 Gold Pieces
Auction on 24th of June 2011 yielded You 975,000 Gold Pieces
Auction on 29th of July 2011 yielded You 5,005,000 Gold Pieces
Auction on 9th of September 2011 yielded You 2,840,000 Gold Pieces
Auction on 4th of November 2011 yielded You 1,220,000 Gold Pieces
Auction on 2nd of December 2011 yielded You 4,950,000 Gold Pieces
Auction on 7th of January 2012 yielded You 650,000 Gold Pieces
Auction on 3rd of February 2012 yielded You 1,290,000 Gold Pieces
Auction on 2nd of March 2012 yielded You 28,950,000 Gold Pieces
Auction on 6th of April 2012 yielded You 15,110,000 Gold Pieces
Auction on 4th of May 2012 yielded You 19,200,000 Gold Pieces
Not one item i sold was with a high starting price but i sold pretty good. and Most items are not even uber stuff.
We have seen to many items who started with high starting bids not sell at all.
And same items that started with lower bids go much higher then the otehrs starting bid.
Its is up to you where you like to sell stuff but i would think what Gilmour said.
If the auctions only sells very expensive items no one going to come and that is something we need to avoid.