I use auctions for items that are mainstream enough that I expect people will be searching for them and it won't get overlooked. For more obscure pieces I do a BIN.
I believe that there are many people who will pay more in auction because of the reassurance that their max bid will always be only 1 increment over the second highest bid (which is the science behind the auction approach that nowadays has become almost standard) but won't risk an unusual item getting overlooked.
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