[flatout]

Something is only worth what someone is willing to pay for it.

So technically it is worth what the final bidder's high bid was... technically. Because he was willing to pay that much for it.

Auctions are the worst form of telling the worth of something. I had an item with 30 watchers only sell for $26 (which was $6 over the starting price)... then a week later they were selling for $50 or more, so not a good way of telling value.

I am basically saying grabbing at the lowest auctions (and subtracting seller fess) and saying that is what it is worth is just plain wrong... there are a ton of factors that play into what something may be worth at that time.

For example if I wait and sell this when the new AC launches I could easily double the value of it. This is only one small factor... there happen to be many.